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.

A Welcome Development (by Xerxes)

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This week scared the bejesus out of me. But the last two days really made all the difference to the outlook.

I came into October looking for a small bounce into resistance levels eventually to stabilize and hopefully rollover into November. However, the ferocity of the rally off of the 200 Week MA had me questioning many things, including my sanity. Why? Well, the initial bounce off 4200 wasn’t surprising, but the subsequent second day rally after the potential start to World War III caught me a bit off guard.

And then another day of rally. And then again after that. From what I understand, the rally was ignoring WW3 and focusing on the supposed death of inflation and expectation that the Fed pause/rate decreases were right around the corner (which really, in my opinion, is what the entire rally since October 2022 was built on). Then Thursday came and brought some reality checks back into the fold.