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.
That Feeling of Rejection
I am typing this 45 minutes before the Big FOMC News. I’m going to fall silent for a while as I monitor (and deal with) whatever aftermath is foisted upon us by the Financial Soviet Politburo. Before I head off, I will leave you with this ES chart, which has twice repelled prices away from its broken trendline:
Rold Faithful
In spite of the surge in interest in buying every stock on the planet, one particular item has continued its regular downbeat: IYR, the real estate ETF:
Lead Us Not Into Techtation
I know, I know, FAANG is all the rage again. That’s the flight to safety. I hear ya. But I’d like to present a fresh NDX/SPX chart to illustrate that, yes, tech has bounced strong lately, but the glory days of tech are past. It’s going to weaken all that much faster when the turn sets in.
Game Over, Man
Gamestop (GME), the perpetual favorite of WSB fanboys everywhere, roared higher after earnings. I had no position, no do I intend to have one, but even last night I was confident the trendline was provide firm resistance, and it certainly did.
