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.

Double Duty Trendline

By -

First off, congratulations to the Chicago Cubs for their remarkable victory. This is literally the first time in my life I turned on a baseball program, and I guess I picked a good one. What a game! I see a lot of Slopers had fun last night in the comments section watching it too.

Second, I’m pleased to see crude oil’s little rally last night accomplish just one thing: to give the broken trendline a peck on the cheek before turning downward again. Wouldn’t it be magical if support was now solid resistance?

1103-cl

Crude Target Reached

By -

For weeks now, I’ve been saying that a drop in crude oil would take us to the blue trendline of support (formerly resistance). Sure enough, this morning we got our target:

031-crude

The question is – – what next? I guess I’m more inclined to cover a few energy shorts now than before, although it’s always a little sad to say good-bye to a friend. Truth to tell, I’m probably not going to touch a damned thing yet.