Slope of Hope Blog Posts

Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.

Backtesting Broken Resistance

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On the bigger picture here the overall position on SPX is bullish. There has been a solid break over the big resistance level at 4000, and SPX is currently on both monthly and weekly upper band rides. There is currently no negative divergence on either of the monthly or weekly charts, with the weekly RSI 5 sell signal that had fixed having failed.

SPX monthly chart:

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Fresh Failures

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Around the edges, this laughably overvalued stock market is beginning to fray. I offer to you below a large quantity of relatively new stocks which have pledged all manner of earth-changing and life-saving promises, and yet are just a series of empty suits. My weariness from uttering “lifetime highs” is alloyed by my observation of “lifetime lows” on such financial instruments at these, and I suspect that word pair will be employed for a long while to come with this dreck. Here are the unlucky thirteen:

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