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.

Cool New Study, Slopers!

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Hey, folks, we’ve got one of the coolest technical indicators ever just added to SlopeCharts: the Correlation Study.

There are many ways to compare two financial instruments to one another on the Slope of Hope. You can plot two different symbols based on their price in SlopeCharts. You can plot them based on their percentage movement. You can determine their correlative relationship over a period of time you establish on the Correlations Page. Finally, you can make use of the Correlation Study within SlopeCharts.

When we speak of “correlation“, it refers to the positive or negative relationship one symbol has with another, ranging from 1.0 to -1.0. For example, if one were to compare the ETF for precious metals miners (GDX) with that of junior miners (GDXJ), the correlation would be very high, because those two instruments are comprised of companies which largely do the same thing. The correlation would tend to hover rather near 1.0, suggesting that they move closely together.

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Mo Better Intraday

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This is relevant for Silver, Gold, and Diamond folks – – you have access to intraday charts in SlopeCharts, going back for a long time (far longer than anyone else I’ve found). A deficiency was that we didn’t store history on newer issues. We have changed this, however, and you will find newer financial instruments are now available. There are a ton of other little upgrades we’re working on, but some of you have been asking about this, so I wanted to let you know.

slopechart SNOW

Netflix Chartapalooza

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A glance at Slope’s quarterly reports calendar shows that we’ve entered the action-packed phase of the cycle, and one of the more exciting announcements will be from Netflix (NFLX). Here are some of the cool ways that one can view Netflix as we approach this event by way of Slope’s analysis tools available to our paying members……..

reactionmap
Earnings reaction graph, showing the diminishing gains and losses in recent years
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On DeMark, Get Set, Go!

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It has been a while since we’ve rolled out a new technical indicator, but by popular request, here it is: the DeMarker Indicator!

The DeMarker Indicator was created by famed technical analysis Thomas DeMark, and it is used as an overbought/oversold indicator. The range of the line chart is from 0.0 (most oversold) to 1.0 (most overbought). In SlopeCharts, we have helpfully provided shaded portions of the graph to make it very clear when the indicator enters and exits either of these zones.

demarkgraph
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