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.

Filling Cathie’s Gap

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We’re all aware of Cathie Wood’s horrible Ark “investments”, which were nothing more than her scurrying around chasing whatever stocks the boys in /wsb were infatuated with. Well, it worked out great in 2020 and 2021, but it has been catastrophic since then, and her desperate attempts to turn things around by mewing the word “Innovation!” at each of the 37 interviews she has every day of the year hasn’t helped.

I would respectfully suggest you keep an eye on these gaps closing as an exhaustion point for the brief recovery Ms. Wood is enjoying.

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Back On The Three Day Rule Again

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Last week I was talking about a likely modest rally coming, which we have seen, and then a low retest, which we have not yet seen but I’m expecting to see this week.

After that I’m thinking we may well see a much larger rally on SPX, and one thing I was waiting to see before that rally was decent positive divergence on the weekly RSI 5, which we now have.

If we do see that larger rally, then I’d be looking for a test, and perhaps a break, of main downtrend resistance, which is at the weekly middle band, now at 4209.

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Completely Repulsive

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Good Lord, people. What a bunch of limp-wristed, antique-shopping, pronoun-swapping, hair-dressing ninnies you are. All you running around, screeching, wringing your hands, and talking nonsense like QQQ going to 320. Good GOD. Embarrassing. Why not hang out on the /stocks board in reddit with that kind of nonsense? Or maybe sign up for the French infantry?

In any case, the Fibonaccis asked the bulls to stand, legs astride, and kicked them directly into the nuts.

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Get It White

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Bleach will get your stuff white.

Speaking of Clorox here, the company is a lot more than bleach. It boasts that “more than 80% of the company’s sales are generated from brands that hold the No.1 and No.2 market share positions in their category.”

All well and good. And what the company has managed to do over many years has been good. Clorox has been a perma-riser since its beginning, with the exception of a bearish hiccup in 1999 that lasted about two years.

Reviewing its charts, CLX doesn’t look good. I think the 2022 outlook will give the 1999 hiccup a run for its money – and leave it in the dust.

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