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.

Tyler Durden: Superbull!

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It’s been said for years that no real bear market can happen until Zerohedge goes bullish. I guess it’s finally happened. See, ZH opened its doors in February 2009, almost to the exact day of the market bottom. They spent the next dozen years talking about how the market should go down, all while it kept going up. Well, they’ve changed their tune, big time. They’ve become more and more stridently bullish, and in just the past few hours, there’s been this maelstrom of Jim Cramer-level buy/buy/buy vibes:

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Eight ETFs

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Well, there’s no doubt about it. I miss my bear market terribly. And talk about feeling abandoned! ZeroHedge, once a save haven for equity bears, gets more ravingly bullish every single day, with their latest missive calling for a ‘melt-up’ to 4150. I remain heavily in cash – 40% – and my market confidence these days is in absolute tatters. What scares the piss out of me is that, following the next three days of big earnings events, if the market declares them Not So Terrible, it could supercharge what already has been an agonizing run-up in prices. Thus, I remain super-cautious. To help tease this out a bit, below are eight ETF charts, and a few words about each one.

I find this one intriguing, since we’re getting within range of a major price gap. I’ll give it more time. The closer it gets, the more intriguing it becomes.
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A Simple Plan

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The inverted H&S crowd is out in force. If one considers the pattern from the 3500 low to present price levels as the patterns’ range, then the target is simply 3800+300=4100, which is a level that bulls were chattering about a week or more ago. I’m not so sure, particularly since the pattern is messy and also based on the lunatic action of October 13th. I think ~3900, a target I suggested in recent days, is a more sensible exhaustion point, as circled below. We shall soon see………