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.
Fantastic Resistance Example
This year has been an embarrassment of riches when it comes to beautiful charts. Here is another one: the MIdCap 400 ETF symbol MDY. Take note of the two instances in which the trendline, formerly support, now resistance, did a beautifully job shoving prices right back down where they belong.
The Real HODL
The year 2022 has been the most thrilling and exciting for me as a trader since 2008. My performance has been, shall we say, uneven, and I plan to fight like hell to preserve as much of my hard-won gains as possible. In my fondest hopes, I’d like to secure a triple-digit gain for this year. But seeing most, yes, most of my gains vanish into thin air during the June 16-August 16 nightmare, is something I’d like to avoid again at all costs, thank you very much. So the balance of 2022 is going to be the same balance of greed vs. fear that we all face, except cranked up to much greater heights than normal. Things have been going so well lately, “fear” has been wrapping its tentacles around my throat, but the charts are simply too gorgeous to treat with anything but respect and optimism.
How About This One?
Here we are again. Is this the bullish base? Is this the bottom? Is the “epic squeeze” starting now? I dunno. As I’m typing this, an hour before the opening bell, the /ES is up over 50 points and is approaching a breakout point. It just goes to show how volatile things have been: the fact that an /ES being up over 50 is kind of a shoulder-shrug “meh” moment instead of a breakout.
Apples for Sale
