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.

Have It Your Way

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After three terrific days of weakness (last Thursday, Friday, and then today, Monday) it can certainly be argued that the bulls are going to mount a counter-offensive. I offer the charts below which speak to this probability.

First is the NYSE Composite, whose low Monday perfectly tagged the supporting trendline. I think this trendline will get broken, perhaps even before the year is out, but a bounce seems logical.

slopechart COMP

Golden Option-tunity? (by Moneymiser21)

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Got Gold?

Five golden rings perhaps?

No this is not the fifth day of the 12 days of Christmas carol, but the first day of an historically bullish trading opportunity for metalheads’ favorite precious shiny.

Since the introduction of GLD back in 2004, the ETF has seen a 13-4 record of bullish closes in the December to January OpEx period (i.e. First open following the close of trading on the 3rd Friday in December, through the end of trading on the 3rd Friday in January).

Now let’s compare that to the overall record this century for the underlying gold futures contract.

Since 2000 the gold futures continuous contract for the same December to January OpEx period has shown a 16-5 record of bullish closes.

In both cases, that’s a greater than 75% odds of a bullish close.