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 Iggy Dynasty – 7/29/14 – 8/8/14 AD

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In mid-July when TK announced his upcoming vacation plans, I emailed him offering to help keep things flowing on Slope while he was hitting the highways and byways of Europe so that he could focus on VACATIONING.   I expected, as he’s done in the past, to graciously thank me, yet, decline and continue to take care of his baby himself even while traveling around the world with his family.  However, this time, a couple of days prior to his departure date he surprised me by taking me up on the offer and I was happy to assist.

I knew that with all of the top notch contributors, my job was easy… put up a new post every couple of hours, let Slope be Slope, and that’s exactly how smooth things have gone.  I can’t thank the guest writers enough for stepping up, taking the time to put together their content but also their willingness to share it for us all to see, it isn’t easy to put yourself out there with your prognostications.

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Wrap Up (by Faces In Cabs)

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First, a heart-felt welcome back to Tim and his family.

I am keeping this blog post simple and short.  After this week, the charting landscape has A LOT more damage on it.  We have seen 7% corrections already from the $SOX and $TRAN.  Big bulls and institutions will need to step up boldly and quickly to prevent this entire market from moving into a formal market correction.  Distribution days have remained pervasive throughout the week, and well documented by publications like Investor’s Business Daily.  Since I have shared so many chart over the last 8 days, today I am sharing just one.

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Market Update (by Faces In Cabs)

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After Tuesday’s sell off, the markets ran in place on Wednesday – forming many indecision candlesticks on a variety of charts.  Thursday’s pre-market future look spikey and a bit unrealistic.  Let’s first review the $INDU analog and WAG I threw up on Tuesday.

Analog Update (still a near perfect match)

While I readily admit this WAG has low credibility, the current shock event continues to mirror the Dow’s 7% correction in January of this year.  I have also added a 17-43 crossover (a trend change signal) on the chart which was validated Wednesday.  The $INDU’s long trend up is officially challenged.  For reference, the 17-43 crossover is from author/trader Jea Yu.

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Exports, Imports, and Balance (by RayW)

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Exports, Imports, and Balance: What International Trade Tells Investors About The U.S. Economy

At 8:30 EST/12:30 GMT The Bureau of Economic Analysis released their monthly report on U.S. exports, imports, and balance of goods and services for June 2014.

The BEA economic report release calendar is here:

http://www.bea.gov/newsreleases/news_release_sort_international.htm

Goto the “U.S. International Trade in Goods and Services, June 2014” here:

http://www.bea.gov/newsreleases/international/trade/2014/trad0614.htm

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Shock Event Update (by Faces In Cabs)

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Since Friday, I have been reminding Slopers about the shock event (down) which began on Thursday.  With Monday’s bounce from Friday lows, there was some question Tuesday morning about whether the shock event could remain in effective.  Well now, after Tuesday’s sell off, the answer is a strongly affirmative “yes, it can”.  Let’s look at a possible chart analog for the developing shock event.

Possible Shock Event Analog (look back to January 2014 .. a near perfect match)

The current shock event and pull back nearly mirrors (exactly) the Dow’s pull back in January of this year.  Sorry, that’s just eery.  While I do not usually take this stuff too seriously, I will hold forth that sometimes the Universe delivers a message that cannot be ignored.  That message today appears to be towards eager bulls, and it would be “Do not under estimate how far and/or when the markets might shock down again”.

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