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.

Retesting Strong Resistance Here

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SPX and NDX held the strong resistance they were testing a week ago, retraced a bit, and are now close to testing them again. I have been expecting new all time highs on both, and NDX has made a new all time high today, but SPX is still a bit short and likely needs to make a new one too.

Both RSI 14 and RSI 5 daily sell signals are now fixed on SPX, and if resistance holds again, then next short term high at least is close.

SPX daily chart:

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Why Statistics Matter Especially In August

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August carries a bad but undeserved reputation as the month when bad things happen to good people as well as a few not so good professional traders. I’ve come here to dispel that entire notion as August’s bad rep is entirely based on a few outliers which happen to stick out like a fistful of sore thumbs. Naturally that’s what everyone is focused on whilst completely dismissing the entire rest of the dataset.

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Find the Best Stocks When Selling Options

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I’m often asked, “What’s the best stock for credit spreads?”

I’m dumbfounded by the question because it would require me to have a crystal ball, and unfortunately, my crystal ball broke decades ago. So, I can’t answer the question with any accuracy. And it’s exactly why I take a purely statistical approach to the market.

However, I can tell those that ask how to find the best stock for credit spreads, or any options selling strategy for that matter, using the following process.

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Treading Water

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Sometimes trading opportunities stare you right in the face but most traders are either unable or unwilling to see them. A lot of that has to do with what many refer to as one’s personal ‘lens’. But honestly the reality is that many traders have a tendency to stick with what they already know and the way they do it, even if that has been proven to not yield positive results on a long term basis.

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