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.

2017 For the Bears

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As some of you may recall, when our man Gartman was asked this question, he had this response:

surprising

I would offer up a different answer myself – – maybe “blows” or “sucks out loud”. Something along those lines. Because, as you’ve seen, this hasn’t been just a bullish year; it’s been a never-before-seen, unprecedented, all-records-broken kind of year,with things like 12 up months in a row (never happened before).

I won’t bother digging up all the other ‘never happened before’ items, but they’re there. This is nicely illustrated with the bearish fund symbol HDGE: (more…)

Unchained Melody

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Having gone through the index charts this morning, I can only say one thing: there isn’t a single bearish thing I can say about any one of them. They just………..keep going………..up. There aren’t any topping patterns. There aren’t any particular demarcations to indicate a reversal. They simply keep ascending, irrespective of anything.

dowindu

Is this my “capitulation”? Yeah, I guess so. And I’m going to take it a step further with my avatar. The pirate flag is being lowered. I’m going to return to a mentally-challenged kid in a wheelchair. It seems far more fitting. TIMMAY!

The Coleman Francis of Markets

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I’m a big fan of Mystery Science Theatre 3000, and from that series I learned of a famously-bad movie director named Coleman Francis whose movies were “often criticized for their abysmal production values, repetitive plot devices, murky picture quality, and stilted acting.”

I must say that I’m reminded of the late Coleman Francis when I look at the equity market, because it’s become as boring as one of his movies. But what can one say about a market that looks like this, except that it sure has gone up a lot:

compq

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Untethered

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Thank God for SlopeCharts. It gives me a creative, beneficial distraction from this New Highs Every Day No Matter The News market we’re in. It gets better, you benefit, and I don’t lose my mind. Everyone wins.

But I’ll take my hands off my eyeballs and look at a few ETFs and share a few words about them. First up is crude oil, which is probably going to have some excitement on Wednesday, between the inventory report (10:30 EST) and, much bigger, whatever rumblings come out of the OPEC meeting. As much as I’d love to see this crumble, the chart definitely looks more bullish than bearish.

slopechart_USO

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