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.

ALB Faithful

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One of the most consistent winners on the bear side has been our old pal Albermarle (symbol ALB) which just keeps pounding lower, in spite of the bull-virus that has infected the brain of humanity anew

This chart illustrates nicely how the “personality” of a stock is important, because in the past, ALB has shown its ability to actually drop quite a bit following a top. There are many stocks these days which have sensational tops yet, based on their reluctance to drop in prior, similar instances, don’t seem all that much at risk. I’d rather short something which has illustrated its ability to blow up in prior years.

Topping Trio

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As I attempt to understand if the bottom is in for the remainder of 2023, I look for clues. Below are three stocks I found interesting for their tops, and important support/resistance levels shown. Let’s take a look.

UPS is an interesting stock to follow for me, although I rarely trade it. I was short the stock briefly this spring, but was not involved with UPS during this fall’s significant decline. Looking at the chart below you can see that the stock had a massive run higher post-Covid, and then constructed a well formed top over the past three years. The top appears to be breaking down with the weakness UPS has seen over the past couple months. The two dashed lines should make for a good stops for those interested in shorting the stock.

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Jerome Bupkis

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First off, unrelated to anything to do with the markets, I think I’m ready to abandon the Chrome browser completely. It is a complete memory pig, and its problems are becoming legion. I never, ever though I’d say this, but I’m think I’m going to stick with Microsoft Edge. Just sayin’.

Anyway, speaking of Edge,, the world was on the edge of its seat this morning because Jerome Powell, whose utterances evidently mean vastly more than actual economic data, was going to make some dumb-ass welcoming remarks to a cadre of statisticians. The stories on ZH illustrate neatly how the “widely anticipated” speech turned out to be an absolute nothing-burger. Honestly, what did they expect him to say beyond, “Nice to see everyone here. Have a good time.”

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