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.

Why I Am Long TLT (Treasury Bonds)

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My only large position is TLT, which I bought this morning.

Why, you ask?

FOR FULL 3-D EXPERIENCE: Right-click on this link to open a new tab for accompanying music as I explain.

Because I believe in America.

Because I believe in America's future prosperity, strength, and ability to pay back its borrowed money with interest.

Because I believe good old-fashioned American know-how, pluck, and fortitude are going to guide us to our best days.

Because I believe our elected representatives are steering the ship of state through some rough seas into a calm port.

………….

Ha! OK, OK, settle down. It's because of the Fibonaccis.

1216-TLT

Oil and Gas Peak?

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Quite a night, eh?

In spite of my noting that ultra-bullish DIG had broken out yesterday, I found an interesting chart that seems to contradict the importance of that breakout – the clumsily-symboled $DJUSEN Dow Jones Oil and Gas index.

There are two reasons to believe this has crested:

(1) It has nailed a major 61.8% Fibonacci retracement level (which is based on lifetime extremes of this index);

(2) It has perfectly met its measured target from the IHS pattern that ranges from May 17th to September 29th of this year

1112-oilgas