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.

Happy Friday the Thirteenth!

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Well, ain’t that just typical?

Yesterday, we seem to have reached some kind of psychological breaking point. Bears were throwing in the towel left and right. Some of the most stalwart bears here on Slope were publicly expressing chagrin at their steadfast positioning. And multiple people cited some old man I’ve never heard of who was declaring that the Whaley Thrusting Humping Pattern or some-such thing had signaled a New Bull Market, and the signal had never failed.

Uh-huh. Just like the ZH post two days ago that presented (to its premium members) that the CPI would be a huge negative miss, and its predictive basis hadn’t failed for the past ten instances. (Spoiler alert: it failed). I don’t know anything about the Whaley Thrusting Humping indicator, or whatever it is people have embraced, but the idea that this is a new bull market is utterly risible, yet easy to accept, since it is human nature to be a permabull instead of a freak of nature like your humble host.

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Key Crypto Lines

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As I mentioned in a premium post last night, the alignment between crypto and stocks is remarkable, with a nearly perfect correlation between two ostensibly different asset classes. I would suggest that the price levels I have highlighted below (in the back boxes) are important levels of resistance for what has been (in the case of both stocks AND crypto) a very powerful multi-month run higher. As always, click on an image to see a larger version.

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The Stuff of Nightmares

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No, I’m not referring to the market for the past four months. It has to do with a Christmas gift. See, my kids know I like Bob Ross, so one of them got me a Bob Ross chia pet. The idea is that you slather a bunch of wet chia seeds all over his hair area, and in a week, he’s got a cool bushy green afro. But I thought the little bust of Bob was fine as-is, so I just spray painted it white (it starts off as that reddish-brown of ceramic pots) and just put him in my office.

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