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.

Charts From The Comments (Friday)

By -

A quick round-up of various charts posted to the comment section of SOH on Friday. Enjoy and discuss.

► Hugo Figuyr posted:

I posted this chart last night…but it was a bit different…Spring
Jack mentioned "Very striking resemblance between the 66 – 82 period and
now, but you'd expect that to an extent as that was a secular bear
market following a major leverage-fueled market top"

The
question is..Are we running out of fuel?

Spx

Click for bigger

► jayinasia posted:

TAZ was looking for a WAG. I know he'd rather have Tim's but here's one
for posterity.

Spx

Click for bigger

► jesterx posted:

I have been long the Aussie $ Dollar since about the 0.83 level. I have
raised my stop on this bad boy and locked in some profits, but when I
took a closer look at the chart today I noticed something very
interesting!!!! Take a peek at the AUD chart below.

Aud

Click for bigger

► elliott_surfs posted:

What is going on in me mind.

Es

Click for bigger

► brentos posted:

Holding GDX calls into Monday. I'm seeing an IH&S – got in near the
bottom of the up-trending channel waiting to see if it holds – will take
some off at 51.54 and wait for target area on chart for 2nd half. Have a good weekend everyone.

Gdx

Click for bigger

=^.^=

Chart From The Comments (Thursday)

By -

Yet another round-up of a few salient charts that were posted to the comment section of SOH today. Enjoy and discuss.

► redvetttes posted: "Q's on the bottom trend line again." (link to his chart)

► springheel_jack posted:

Natural Gas disappoints the bulls as ever:

NatGas

Click for bigger

► Tarhini_Trade posted:

Gooooooood morning ladies and gentlemen…this is your captain speaking.
Please go ahead and check your maps on the screen in front of you.

Dia

Click for bigger

► auger posted three charts covering GLD (here), SLV (here) and GDX (below):

GDX pennant forming:

Gdx

Click for bigger

► facesincabs posted:

Here is an observation I made last night using the $INDU …

Considering
this $INDU chart, the key here for bulls is valid follow through. BTW,
I have not even looked at the markets yet today, but a quick glance
tells me that the NASDAQ is showing relative weakness to the other major
indexes (e.g., yesterday it briefly diverged from this recent trend).

Dow

Click for bigger

► St. Deluise posted:

Doing some fib extrapolation (green fibs), i am thinking the top of this
rally will be around 1099 (~1003 SPX) based on how well that jives with
current price action, around July 19th using fib time series as well
(which also predict a ST high tomorrow (1079) and a ST bottom (1067) on
the 13th.

This is mostly a goof but for the record using the
same methods i did manage to predict a low of 996 which is about as good
as you're going to get from the likes of me.

Es

Click for bigger

=^.^=

Charts From The Comments (Monday)

By -

A few charts from the excellent chartists that contribute to SOH's comment section.

► springheel_jack posted two looks at the EURUSD (here and here) along with this GBPUSD chart:

My personal favorite though, the GBPUSD rising channel. I've taken 425
pips out of this since last Thursday and I'm hoping to double that by
the end of this week:

GBPUSD

Click for bigger

► jesterx posted:

I was staring at the market today and trying to make sense of it, but
with this holiday here, sometimes the market can play up a bit. I will
not be trading today, but I found something with the RUSSELL 2000. Chart
below for those interested.

Jesterx

Click for bigger

► morrise posted a round-up of the VIX including a Point & Figure, Weekly and this Daily:

We are a good deal oversold which often precipitates counter rallies. (link to spreadsheet) How about volatility with the VIX?

Vix

Click for bigger

► morrise also posted a great break down of his thoughts on the SPX. Along with the daily chart below, he posted a 3-box reversal Point & Figure chart, a Weekly look and a look at the S&P500 Bullish Percent Chart. He also looked at a couple Moving Average studies on the NYSE Comp. (NYA).

Spx

Click for bigger

► facesincabs posted:

fwiw … China was the first world market to resume its bear market
(noted by its 20% decline off highs several weeks ago) … in the last
two years it appears to bottom and top ahead of the domestic markets …

SSEC

Click for bigger

► facesincabs also breaks down the Russell ($RUT) with three charts including this weekly look:

Weakness abounds in small cap's after the last week …

Rut_week

Click for bigger

That's it for now. Thanks to all the people posting charts in the comment sections. I'll leave you with this potential long term Head & Shoulders pattern on the Monthly DOW chart. The right shoulder needs work so tell your friends to sell and sell often.

Dow_monthly_hs

=^.^=

Chart From The Comments (Weekend Edition)

By -

Just in case you missed these, here is a quick look at a selection of charts posted in the SOH comment section over the weekend. I cut this post off Sunday afternoon only because it had become a tad long.

► osbournecox posted:

We just kissed that ES upper channel line. Really weak close but all of the big boys were absent so it might be
dangerous to read too much into it.

Personally, I'm happy to be
flat, having taken some nice profits. If we crash on Tuesday, then I
miss out. But I still have a hunch that we get a relief rally.

OsbourneCox

Click for bigger

► TheKing posted:

I'm watching MBFI. I'm looking for either a break below support or a
right shoulder, then break

TheKing

Click for bigger

Also:

I'm shorting XME on a break of 43. Not quite a double top, but close
enough. Looking for a target south of 30.

TheKing_2

Click for bigger

► Hugo Figuyr posted:

I've noticed something over the years that I would like to toss at
y'all. Many times a higher high, followed by a lower low, acts as a
bounce. I've attached a simple chart to attempt to demonstrate this
idea. It shows the recent HS pattern, so we could end up breaking down
through the support. Classic charting technique requires three points
for a trend line to have any validity. I'm using a line chart here, as
it seems to work best to show y'all what I'm trying to express.

Hugo

Click for bigger

► redvettes notes that the "13/34 weekly cross pretty much there" (link to his chart)

► C C Rider pointed out a Double Top pattern on Amazon's weekly chart:

AMZN double top, target 90

Rider

► Ricco posted:

SH (non leveraged short of the SP500) is looking good

Ricco

Click for bigger

► tnrevolution posted:

I'm sure this has already been discussed,
but the McCLellan Oscillator is sporting a powerful positive
divergence…. If we don't resume falling off a cliff on Tuesday, then
the Revolution is eying adding some ERX to the positions I opened up on
Thur/Fri. Blasphemous as it may be, I'm continuing to believe a month
long bounce may be in the works here.

Tnrov

Click for bigger

Charts From The Comments (Friday Morning)

By -

Charts from the comments the Friday edition.

► springheel_jack posted:

Very interesting chart of the oil sept futures for anyone interested.

I'd
drawn in the lower trendline yesterday morning but didn't post or trade
it because I was doubtful about oil dropping that low, but there were
some big moves yesterday & the lower trendline was hit.

If
the pattern holds for a while then we'll see oil drop a lot lower with
some really wild recoveries.

Spring_jack_01_oil

Click for bigger

Also:

I haven't been charting the 10yr really, but here's my take on 30yr
treasuries:

Spring_jack_02_treasur

Click for bigger

► Yazzer posted:

Summation Index getting truncated back downward – this was the thing I
was most afraid of before this last downdraft – it fizzled badly
though…the emperor has no clothes?

Yazzer_01

Click for bigger

► facesincabs posted:

Banking rolling over …

Facesincab

Click for bigger

Also:

Here's another area I am watching to initiate another down leg …

Facesincab_iyr

Click for bigger

► redvetttes has been stalking (COST). Here's a link to his chart.