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.

Crude Oil Down 60% Since Mid-June 2014

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Crude Oil has fallen a massive 60% since mid-June 2014, as shown on the following graph.

Price today (Wednesday) fell below 43.50, which I identified in my post of June 3rd as a major support level, and closed at 42.53, as shown on the Daily chart below.

Increasing volumes are either signalling continued weakness ahead, or some buying stepping in between this level and 50.00. Since another bearish moving average Death Cross has formed recently, the first scenario may be favoured in the near term.

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Price Per Bearrel

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My near-obsession with energy stocks continues to save my bearish butt from this otherwise insane cocaine-snorting, heroin-injecting market. Ever since the completely stupid OPEC love-fest ended, market forces (remember those? if you only trade equities this is probably new territory for you………..) were allowed to come back, and crude oil has been moving precisely the direction God Intended……..

0620-oil

I’m disappointed in myself that it took me THIS long to discover that it’s wiser to seek out markets where that 4’3″ white-haired troll doll named Janet Yellen doesn’t have a vested interest in completely propping it up with fake money.

Let’s see the thirties, crude! In the meantime, the entirety of my ETF portfolio is already positioned (and strongly leveraged) in the energy bear market.