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.

Which Utilities Companies Hold Major Upside?

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Both oil and natural gas prices have been off the charts in recent weeks, following the announcement of major exporting countries – Saudi Arabia and Russia – further extending their cuts in oil supplies until the close of the year. 

The announcement made earlier in September was a shock to the system for some analysts, and left many to reflect on the greater determination of both exporters to continue their slower output, which would further reflect in rising oil prices. 

On average, Saudi Arabia will cut around one million barrels a day, while Russia is estimated to decrease its output by roughly 300,000. 

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A New Flavor of Failure

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Good morning, everyone, and welcome to Friday. It’s been quite a good week, and even though during the composition of this post, the equity futures have all flipped from red to green, I’m still optimistic about being pessimistic. I wanted to thumb through four index charts of notes to get the day started as we wrap up this shortened trading week.

First up is the NASDAQ Composite, whose most germane feature is the Fibonacci line. The atrocious mega-rally that began in mid-March and, thank God, terminated at the end of July, send the COMPQ flying toward this line, only to be repelled. My view is that this level, which is roughly equal to the peaks in early 2022, is going to be the high water mark for months to come.

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