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.

Crumbling Trendlines

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Apple reports its earnings tonight, and that makes me a bit sad. The reason is that Apple’s report marks the end of the really good part of any earnings cycle, and it’ll be back to just obsessing over the Fed again instead of, ya know, actual corporate data. In the waning hours of this last earnings season of 2024, let’s enjoy it while we can.

The big ones last night were MSFT and META, and they’re both sinking, which has led to a really cool first-time event: the breach of the August 5th trendline on the /NQ futures. If AAPL sucks the big one tonight (thanks, in part, to the absolute wreck of their Vision Pro product), it could really start pushing things cleanly below this medium-term support level.

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Waiting It Out

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I own a lot of physical gold and silver, and I had planned to amass a VERY large position in PSLV.

I established a medium-sized position, got out at a good profit a couple of days later, and since then have tried entering and exiting a few times, losing money in each instance (but preserving most of my earlier profits). This morning was the last straw. As thrilled as I am about silver’s prospects, I am not TOUCHING this stuff again until after the election.

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