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.

Craziest Ultra Ever

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As most of you know, leveraged fund tend to degrade over time, unless there is a persistent trend in the desired direction of the fund. If the S&P goes up, let’s say, 10% in a given year, the double-bearish fund against the S&P doesn’t go down 20%. It may be down 50% (possibly) depending on how crazy the ride was. I think one of the craziest ones of all is UVXY, which is the ultrashort against voatility.

slopechart UVXY

Overseas Hanging Tough

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As I type this, on the first trading of the year, ES, NQ, RTY, CL, BTC, ETH, XLF are all bright green. So I’m sure all the bulls are happy as can be. As I mentioned this weekend, however, the first day isn’t exactly prophetic about the year ahead. I’m still focused on the basics: trendlines. support, and resistance.

It doesn’t merit repeating, but I’ll say it anyway: EFA is still a remarkable pattern, provided it does not pass the price gap at 79.37. Keep the faith, EFA brethren!