Where the Growth Is
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.
Looking Over the Cliff Edge
In my post on Wednesday 22nd October I was looking at the major support being tested on Bitcoin (BTCUSD), Solana (SOLUSD), and Ethereum (ETHUSD), and saying that sustained breaks below those support levels would boost the case that the bull market on Crypto has already ended, barring possible high retests as part of the topping process. This was and is a major inflection point, and the direction of the break from this inflection point is still in the balance.
I was noting that the last two bull market highs on Bitcoin were in December 2017 and November 2021, close to the end of the year and four years apart, so the end of 2025 is the obvious period to be looking for an end to the current bull market, and I’ve had that pencilled in at the likely topping area all year.
In my last post on Thursday 30th October I was looking in detail at the key support levels on the weekly and daily charts and looking at the possible H&S patterns forming on the Solana and Ethereum charts.
(more…)China Deal: So What?
During the weekend of October 25/26, the final TACO act was performed when Bessent and Trump proudly announced that the trade war with China was suspended for a full year. Trump called the meeting a “12” on a scale of 1 to 10 (Ha ha! Oh, that guy! What a card!)
The market rallied mightily. But now it’s done. 100% of the idiotic rally has been laid waste, and no facts about the meaningless “deal” have changed. God, people are gullible.
Dumbest Reason Not to Short
I would love to be short Vistra (VST). In fact, I shorted it yesterday, but I covered. Why? Because the quote is wrong! On occasion, thinkorswim’s platform will throw off a completely random quote for a given symbol. VST happens to be one of them, and I cannot feel comfortable having my spreadsheet jumping all over the place based on one position getting insane quotes. Shame, eh? Maybe you can do better.
Ax On. Ax Off.
Today was an absolutely superb day (and it might have been for you, too, if you’d just sign up for a premium account and land some of my winning ideas!) It is getting superb-er after hours, however, for a couple of reasons. The first is Advanced Micro Devices, which is the big report today and, as with PLTR yesterday, will help inform tech stocks about how stupidly overvalued they are.
