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.

Securitizing Feelings

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Yeah, yeah, I know. Tulip bulbs. The South Sea bubble. Japan in the late 1980s. We’ve heard these tired old tropes countless times, yet given the age we live in, these allegories are the equivalent of holding up a $20 bill and expecting to keep the rapt attention of your audience while there is a billion bucks of gold stacked up behind you. We need the drama to match our new reality.

What we are experiencing at this very moment utterly dwarfs all past examples, and on this very weekend, we have entered an entirely new level of crazy.

currentmarketvaluation.com
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Staring at the Ceiling

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If you look at Slope’s trading rules, number VIII (that’s 8 for you non-ancient-Romans) reads as follows:

VIII. EMOTIONAL AWARENESS IS YOUR GREATEST ASSET – Feeling super-confident and giddy? You should probably be in all cash. Feeling demoralized, frustrated, and out of synch? You’re probably close to a great entry point.

Hmmm. How has the Timster been feeling lately? Demoralized? Check. Frustrated? Check. Out of synch? Czechoslovakia. That’s probably why I woke up at 3 in the morning and stayed up until I got up.

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The Obvious Point of Failure

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In my last post yesterday I was looking at the big inflection points in the current rally on US equity indices that could take SPX and QQQ, and perhaps also DIA and IWM, to retests of their late 2024 all time highs.

The first inflection point in this process was at the Monday’s lows and key support, and they rallied there.

The second inflection point was after the initial rallies, and they pushed through to the upside there.

The third inflection point we reached this morning, and if we are to see this move fail hard, then this is the most likely remaining place to see that. Equally, if bulls push through this, on SPX there is a clear path to the all time high retest and that would likely be made.

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