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.

PREMIUM: Ya Moran!

By -

Note: This post is special enough to be labeled a premium post, which means that it is (with the exception of the paragraph you are reading now) visible only to paying subscribers (AKA the people who keep Slope going day after day). If you would like to try a risk-free subscription to get immediate access to all premium content, as well as the dozens of other features exclusive for paid accounts, click here to explore the choices. Everyone is welcome to continue chatting in comments below (or, for a more free-flowing experience, please use SlopeTalk).

Click here for a special 99 cents offer to try Gold out super-cheap! In your heart, you know he’s right.

Up and Down

By -

Below are two charts. The first one is the Dow Jones Industrial Average which, like all other stock indexes, had a huge rally today. Take careful note of what’s happening, however. It is pushing its way back to the base of the rounded top. My view is that this top, formed through most of August, has defined a new direction in the market, and the Dow will soon resume its slippage lower.

(more…)

A Festival of Flags

By -

SPX has seen a decent retracement from the highs, the reversion to the mean target at the 45dma has been hit, and a lot of decent looking bull flags have been forming on US indices. SPX may now be close to a retracement low, and a daily RSI 5 buy signal fixed a couple of days ago. The overall setup here is strongly suggesting that the next move on SPX may be a retest of the 2023 high at 4607.07.

SPX daily chart:

(more…)