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.

UPS Update

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Hey everybody, I hope you are doing well. Just a quick update from me on my outlook for UPS while Tim is travelling today. The first chart below displays the near term perspective of the chart. Following the earnings release on July 29, 2025 the stock had a large decline, falling below what I considered to be the next level of support. This is displayed by the bottom orange line, just below $90/share. Over the course of the past three weeks, price consolidated under this level and has now begun to move lower again.

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Striking Oil | Part Two

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Greetings, my Slope brethren. I’m not usually a fan of sequels, but sometimes they’re good. Diehard 2 comes to mind. The Empire Strikes Back was pretty good. But, an oil sequel? “Oil? Oil? Who said anything about oil?”. Wasn’t this the one commodity that was going down these days? I didn’t expect to do any market writing at the moment, and then I saw this tweet from the President.

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Crumblin’ Down

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Happy December 26th to you Slope. As we begin to close the book on 2024 and look forward towards 2025, I thought it was a good time to look back at my primary call for 2024. This year I was focused on Tom McClellan’s 10-year crude oil analog, and what it was forecasting for the 2024-2026 time period. Let’s take a look.

You can read Tom discussing the analog here, just after the 2020 Covid crash. In the article he states:

“I first discovered this relationship back in 2008, when I looked at a log-scaled long-term chart of crude oil prices and noticed that it looked an awful lot like the chart of the DJIA.  So, I put the two on a chart together but was not really satisfied with the way that the pattern details lined up.  After some tinkering, I found that offsetting the crude oil plot forward by 10 years made for a much better fit between the two plots.

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Half a Hundred

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Happy June to my Slope family! Since we are knocking around the window of time, I’m looking for a major top in the stock market, I wanted to review some charts I think are set up to take advantage of a possible bearish second half to 2024.  I was looking around the internet last night to see if there were any important happenings around this date to mark this important occasion.  I came across a few… 

Today is Elizabeth Hurley’s birthday.  Meow.  It’s also Sundar Pichai’s birthday.  No meow.  Not exactly what I was looking for… and then I found the below.  On this date in history, June 10th, something electric happened.

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