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.
Bi and Loving It
It’s late at night, and who knows what tomorrow holds, but for the record, this is PRECISELY the color arrangement I want to see: equities, down, oil, down, and precious, up. Perfect!
Everything Lines Up
Happy Monday, Slopers! This is our last full trading week of the month, and with NVDA reporting after the close on Wednesday, it’s bound to be an exciting one.
I have received nothing but positive feedback on our new SocialTrade app for iPhone/iOS, so if you haven’t downloaded this free app yet, please do so.
There are many reasons for the bears (all three of us) to be celebrating what’s happened over the past few weeks, particularly by way of crypto’s latest demise, as observed here by harebrained cheerleader Eric, who cleverly calls it………wait for it………….”digital gold.” Is that sly, or what? What a brain trust! I wonder what other hackneyed, shopworn utterances we can anticipate.
Fix Your Little Red Wagon
The past couple of weeks have created a thrilling change in the tone and structure of the entire equity market. I see it illustrated with:
- important lifetime tops at important levels of resistance;
- a shift from “higher highs” to “lower highs”;
- a clean succession of price gaps, which are vital for setting stop losses.
The NASDAQ Composite illustrates all three of these beautifuly.
What a Creep!
For weeks now, or even months, the morning market seems to come in just two flavors. One of them, the most common, is for everything to be up a little bit, which has accrued into an equity market that makes lifetime highs on a regular basis. The other, far less common, is a good, strong chop lower based on some kind of news that actually justifies some selling.
This morning, we appear to be in Mode One, as typical, with equity futures all up about 1/4 to 1/2 of a percent. Boooooooooo-ring.
