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.

Noli Illegitemi Carborundum

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I’m having a theme of latin post titles so far this week, though I’m sure that some of you will know that unlike the last two, the sentence I’m using as the title today is joke latin rather than the real variety, and I’m using it as a description of what we have been seeing on equities here as bears waste their window of opportunity to deliver a correction in price here rather than just a correction in time.

It has been a while since I last posted here the bonus charts that I do every day for Daily Video Service subscribers at theartofchart.net on various futures every night (with update notes before the RTH open the next day). Given that equities seem so determined to be boring here, this is a good opportunity to show how interesting everything else is looking. I’ve added the overnight updates as well.

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Crude Bounces to Retracement

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As expected, crude has been fighting its way back, and this morning it made things easy by nailing retracement perfectly (see green tinted area). I guess the chatter about a new OPEC meeting (remember those?) gave things a boost. I’m staying at a distance, however, since I think strength to the next level higher (about $45) is still possible, as the meaningful topping pattern (magenta tint) is still one Fibonacci level higher.

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