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 Equity Market Is Giving You A Huge Opportunity

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Note from Tim: I didn’t write this. And I probably have as contrary a view to the thoughts below as can be imagined. But I want to provide other points of view. I simply wanted to stress……these are NOT my opinions. No no no no no. OK, thank you.

Over a week ago, in my analysis to my members, I noted that, ideally, I was looking for the market to pullback and test the 2800SPX region. And, the market certainly dropped down to the 2800 region, but also broke the 2796SPX support upon which I was focused. That had me begin to focus on the 2700SPX region of support. And, today, we dropped and broke my next level of support at 2700SPX. But, this is the pullback I have been looking for over the last several months which had not materialized. Now, it has come in with a bang.

While this pullback took many by surprise, the common reason attributed to the decline last week was the rise in interest rates. I need help understanding this “reason.” Allow me to explain.

Back on June 27th, 2016, we published analysis to our members entitled “Beware of Bonds Blowing Up.” That was the first long term top call we made on bonds in the 5 years we had been open to that point. And, as we now know, the bond market topped a little less than two weeks later.

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What Does The Analyst Who Called For The 2016-2017 Market Rally Say About 2018?

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By Avi Gilburt, ElliottWaveTrader.net

As Ecclesiastes notes, “There is nothing new under the sun.” This, too, applies to the stock market.

The average investor trap is the same throughout whatever period you wish to review. Markets become overexuberant, see a correction, sentiment resets, and markets rally on to their next phase of overexuberance. It is really that simple. Yet, we overcomplicate matters by relying on economics and fundamentals, which have proven to be relatively useless at major market turning points.

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My Amazement About Those Turning Bullish On The Banking Sector Now

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With the Nasdaq continuing higher this past week, it has now reached our minimum target we were looking for before a pullback may be seen. But, I think the XLF may be providing us with certain clues about how 2018 may turn out. And, it may not be as rosy as many believe. Well, at least the first half of the year.

Anecdotal and other sentiment indications

Interest rates are rising. Tax obligations will likely be dropping. And, many believe this could be a wonderful environment for our banks to thrive. In fact, I am seeing many Wall Street analysts picking the banking sector as one of their favorites for 2018. Well, I certainly cannot concur, based upon what I am seeing in my charts, which provide insight into market sentiment.

As markets move higher and higher, for some reason, people turn more and more bullish. I mean, the drive that most consumers have to find the best price for the goods and services they desire is conspicuously absent from the greater investor community. (more…)

Gold & Silver Bulls, Don’t Give Up Yet

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The “sentiment” in the metals complex now ranges from indifferent to very bearish.  In fact, I am seeing many just posting how they are just fed up with the metals complex, and just want to move on.  And, that is often the time when fireworks are seen.  So, I think it is prudent that we remain on our toes right now, just as many seem to giving up.

With silver’s direct drop lower this week, along with the potential that the GDX may hold its 21 region support, we may be able to maintain a more immediate bullish perspective.  However, I still want to note that it will still take several months until the next break out set up is ready to go.  But, what I am about to present is the best-case scenario we can view on the charts at this time.  And, they need some serious confirmation in the coming weeks.

First, I will go through the more immediate bullish potentials, as presented in silver, GDX and GLD.  Then I will discuss the more bearish potential, and what can trigger that. (more…)

Gold & Silver Bulls, Don’t Give Up Yet

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The “sentiment” in the metals complex now ranges from indifferent to very bearish.  In fact, I am seeing many just posting how they are just fed up with the metals complex, and just want to move on.  And, that is often the time when fireworks are seen.  So, I think it is prudent that we remain on our toes right now, just as many seem to giving up.

With silver’s direct drop lower this week, along with the potential that the GDX may hold its 21 region support, we may be able to maintain a more immediate bullish perspective.  However, I still want to note that it will still take several months until the next break out set up is ready to go.  But, what I am about to present is the best-case scenario we can view on the charts at this time.  And, they need some serious confirmation in the coming weeks.

First, I will go through the more immediate bullish potentials, as presented in silver, GDX and GLD.  Then I will discuss the more bearish potential, and what can trigger that. (more…)