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.

The Credibility Gap

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This was definitely one of those mornings when I needed the tonic of some red on the screen when I woke up. Mercifully, I got it, and modest as it is, I’ll gladly take it.

In particular, my short on IWM is looking decent, based on the behavior I’ve been seeing with the /RTY. In recent days, we had: (1) the “yet another white flag above the White House” gap in prices that took place after the close on Monday, marked with a red arrow, (2) the slight overshoot of the Fibonacci at the end of that day, circled in green, (3) the GOOGL-optimism pop yesterday after the close, circled in red, perfectly touching the Fib, (4) the gradual sell-off all through the night.

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