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.

It’s Been Weeks

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It may not seem like it, but the market basically stopped falling way back June 16th. Since this, it’s been a grind-it-out, can’t-make-up-its-mind,, ghastly bore. I am highly confident that the quartet of monster economic reports coming out over the coming week, as well as the looming earnings season, will snap it out of its funk. I also wanted to point out, by way of the “percentage of stocks above their 15-day moving average” chart, that the over-sold nature of the market is a thing of the past.

Too Much, Too Little

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For once in my life, I actually did the right thing. You’ll recall a couple of days ago when I was bemoaning the obscene amount of buying power that was collecting dust, and ultimately I decided just to yank it out of my account and put back into the bank. Turns out that was smart. It was NOT the time to be aggressive.

It’s interesting what’s going on now; we have BROKEN OUT of the basing pattern, but I would caution you to take note of what happened last time on the /ES:

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