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.

Want Trump Out? Sell Stocks.

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While reading of the title of this article may cause you to make certain assumptions about what you are about to read, I can assure you that this is not a politically motivated article.  In fact, politics has absolutely nothing to do with the analysis and conclusions presented herein.

I want to start with the assumption that we have spoken about so often, and that it is social mood which directs our actions in life, including our willingness to buy stocks.  As Robert Prechter noted in a study he published in 2012 on this topic, “[s]ocionomic theory proposes that unconscious social mood regulates social actions.”

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Ding Ding Ding… SPX at a Bull Turnstile or Bear Reversal Point

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On a not as bad as expected Payrolls report the US market is now at our target, which was a second hit of the upper reverse symmetrical triangle’s trend line. That became the objective after SPX took back the green lateral support area.

To review, bulls have the moving average trends, they have lateral support and they have blue sky’s unfettered possibilities. The bears have divergences in RSI and MACD with increasingly compromised bearish looks. In short, technically speaking the bears have not much more than bupkis.

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Can The Metals Still See One More Bout Of Weakness?

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Originally published on Sat Oct 19 on ElliottWaveTrader.net: With RGLD following through to the downside as expected in its c-wave decline, the question we are left with is if there is any more weakness to be expected in the metals complex before we begin the next major rally phase?

The simple answer is that while the patterns still suggest that a lower low can still be seen, it is not something I would be suggesting you trade for in an aggressive fashion.

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New All-Time Highs By Year End

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By Avi Gilburt, ElliottWaveTrader.net

This market has been difficult for both the longs and the shorts for months now. While it has been unwilling to break down, it has also been equally unwilling to break out.

What makes me scratch my head even more of late is that the Fed has come to the table with its “not-really-QE-4” of $60 billion a month. For those that remember, QE1 was approximately $100 billion a month on average, QE2 was $75 billion, and QE3 was $85 billion. But, to see the Fed coming forth with this type of liquidity injection when the market is hovering just below its all-time highs is a bit surprising. Yet, the market is still unable to break out.

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