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.

Index Reflections

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I come to you from the Delta Sky Club with a head hanging low, burdened by the guilt of a lack of content. I have a lengthy plane flight ahead where I can stockpile up some posts. Let’s just take a stroll through eight major index charts while I share a few words about each. It’s a mixed bag.

We begin with the NASDAQ Composite, which is approaching important support. This lovely bit of weakness could terminate tomorrow with a huge rally for all I know (using the jobs report as an excuse). It’s also possible that we slice through the supporting line, invalidating the breakout. Take a guess what I’m hoping for.

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New Beginning (by Xerxes)

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I know I’ve been extremely silent for a while now. This is in some part due to my job keeping me busy, but the primary reason is my complete lack of comprehension of this market through December 31, 2023. I have had the occasional golden nugget and decent trade. But unfortunately, this past rally since the beginning of November killed me.

No two ways about it, I performed quite poorly and killed my account. So as Mickey Mouse said, if at first you don’t succeed, try, try again. I need to take what I learned and be better for it. With my embarrassing admission out of the way, I’ll note that I still don’t have a great handle on this market. All I know is that I can’t keep playing the indexes as they are too choppy with too many head-fakes with a relentless drift higher.

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