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.
Home Sweet Home
A Little Late, But Still……..
In 1984, Stanford University denied me admission to the school of my dreams because I was white. It was one of the worst days of my entire life, and it permanently altered the arc of everything which followed. It is thus heartening to me – – although a little late, nearly 40 years later, to read of this decision:
Binary Decision Point
I was looking earlier this week on the very high quality falling wedge that had formed on SPX from the last high and considering the odds that it was a bull flag setting up a retest of the high.
Since then the wedge has broken up, retraced about 50% of the decline, and an IHS has formed with a target back at a retest of the last high.
At this stage there are only two main options. Firstly that the IHS breaks up, converts the neckline to support, and goes on to retest the last high, and secondly that SPX drops back through 4360, and likely then retests the last low at 4328.09, and then very possibly down further. It is very likely that we will see one of those two options happen next.
(more…)Down Lauren’s Hatch
I’d humbly like to suggest you consider shorting Amazon (or, like me, buying January 2024 puts on the sucker). My view is that the tremendous ascent that took place in the first half of 2023 is going to start unwinding. That mountain range of overhead supply will, in my opinion, suppress any further ascent.
