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.
Wedgies & Crows
Examining the chart of the S&P 500 futures [/ES], note the bearish rising wedge formed from the October 2023 low (purple). Then note the smaller, short-term wedge emanating from the May 31, 2024 low (also purple, inside the aforementioned larger wedge).
Semi Circle
The biggest and most important shift that took place this week was in the semiconductor sector, which until the week prior was the most important foundational strength of the entire bull market.
It’s different now. The semiconductor index has broken both its ascending trendline as well as horizontal support.
Archer Daniels
It’s a little unnerving to be bearish on a company with a P/E of 10, but this is a lovely top. The stop-loss is indicated by the dashed horizontal line.
Salesforce Short
I don’t think I’ve ever traded CRM before, but this inverted cup with handle was an appealing setup. This is one of my many “long put” positions, whose expirations range from late September to late January.
