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.

Up or Down?

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Hello everyone. In my last post I hinted at the fact that if GOOG could go higher, than the market could go higher. Indeed it went higher.

One thing I want to get quickly out of my chest is that I don’t think we are in a Bear Market (I may be wrong).

I think we had a crash after Trump announced its tariffs, and then, as it slowly became more and more clear than the tariffs are not really real, or at least they won’t be what they initially looked like (e.g. read the news today point at a 80% tariffs for China, not 145%, the US President said), well, I think a lot of investors started to correct the initial panic, algos started to buy, and the “Bear Market” is formally over. Can it come back again? Yes, of course, but I see more “quick shocks” rather than prolonged downtrends.

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From Brittle to Robust

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Compared to recent days, it’s a relatively mellow morning, with screens green pretty much across the board. The only momentary shock was when Trump off-handedly suggested that an 80% tariff on China would seem about right, which caused some brief EKG action in the /ES.

A month ago, such an announcement would push the /ES limit down for the day, but in these more robust times, one small trader in Nutley, New Jersey sold off his long position and then the market continued on its merry way. It has learned to shake off such news instantly.

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