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.

Trade Data Project

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The first release of Virtual Trading is humming along smoothly, and as people are using the system, the data set is beginning to grow. This is where things get fun.

As more and more trade data is created, we get a witch’s brew of profits, losses, trading strategies, and other information that’s going to be a lot of fun to slice ‘n’ dice. It also gives one the opportunity in SlopeCharts to see their actual trades in the context of a chart (the example below shows how I made a profit on my NKE puts – – aren’t I smart??? – – only to close it out before the options went into oh-my-God-profitable mode.)

NKEChart
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Tying the Not

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One of my favorite newer features in SlopeCharts is the Labels function. We are continuing to enhance this, but one small improvement I wanted to bring to your attention is an addition to the dropdown: in addition to “All” or “Any” we now have “None“. For all you Boolean logic fans out there, this is simply a “NOT” applied against the labels, in those instances where you want to see the symbols that include none of the labels you have selected.

none

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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