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.

Financial Analog

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Anyone else feeling the summer doldrums? I am. It can vary from day to day. Yesterday, for instance, seemed like kind of a kick. Today was three letters: M, E, and H. Oh, well. There’s just not much going on. Earnings season hasn’t started, and the political scene just has boring nonsense like this Trump/Russia thing, whose bombshell news today rocked the market for about seven minutes.

In spite of all the ho-hum, I’d like to offer up one chart that kind of grabbed me: the financials ETF. As you can see below, there’s quite a compelling analog happening (click the chart to see a bigger, easier-to-read version). Hopefully the simple colored lines and arrows on this SlopeChart speak for themselves………

0711-xlf

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Across the Finish Line

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I have mentioned Finish Line (FINL) again and again and……….again!………as a short candidate, both here on Slope and on tastytrade. Well, the analog I’ve pointed out ad nauseum is really kicking in, dropping nearly 20% on Friday alone.

0325-finl

As is so often the case, my charting was brilliant and my trading was idiotic. I covered this thing earlier in the week for reasons I cannot fathom or even remember. I guess I’m simply the ghey. But in spite of my personal idiocy, I am pleased to have offered up another terrific plunger. Much lower prices to come.

Silver 2011, Dow 2017

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This is not a top call.  My target was Dow 21,000 and this pig blew through it and flew to 21,115.  This is a comparison of one bubble to another a potential other.

In 2011 silver put on an amazing run.  First, it dropped and crashed the SMA 50 at the beginning of the year.  Then it rebounded, became over bought by RSI (and distance from the SMA 50), tested the short-term EMA 20 and then went all Sky Lab, making a 2nd strenuously overbought reading on RSI.  Then… kerplunk.

silver 2011

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