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.

Losing Magnificent Momentum 

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The momentum surrounding artificial intelligence (AI) is steadily beginning to wane following recent disappointing earnings seasons that involved several of the biggest U.S. technology companies. 

Though the reported results weren’t the worst we’ve seen, in fact, some companies reported better-than-expected results, the overall performance on the stock market was relatively muted, despite some big-tech names delivering improved results. 

After starting 2024 at a sluggish pace, investors are beginning to wonder whether the hype surrounding artificial intelligence and those companies fueling the development will continue to hold their momentum in the coming months and heading into 2025. 

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Bear Flag Trio

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On Thursday last week I wrote a post looking at the possible four larger bear flags that could form on SPX, NDX, Dow & IWM after the sharp decline on Wednesday afternoon. Of those four, there are three decent looking larger bear flags that have since formed, and this morning we are watching the inflection point where these flags may break down into retests of the retracement lows made on Monday last week.

On SPX the obvious larger flag resistance trendline I drew on Thursday was hit perfectly on Friday and overthrown slightly today.

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