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.

General Mayhem

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Last week was good from end to end (in spite of a stupid holiday robbing us of Monday – – but let’s be fair, holidays like Labor Day can’t be as respected and important as Juneteenth). Yesterday was also good. Today as well. I’m starting to get nervous at all this goodness.

One of my many short ideas which is thriving is General Motors (GM, duh) whose puts, sadly, I sold at a nice profit last week for one and only one reason: because they expire in November. Dumb, huh? But I went into some kind of silly purification ritual in which I didn’t want anything expiring this year.

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Index Windex

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I just noticed that, a few days ago, I did my 39,000th post! The market has been too fun lately for me to notice. Oh, well. There’s always 40,000 as a milestone. Let’s look at some indexes. I’m afraid it’s a bit of a mixed bag of maybe this, maybe that.

The NASDAQ Composite has been crumbling at various speeds for many days in a row, but it may be approaching a modest level of support by way of the price gap (horizontal dashed green line). Slicing through this would open up the door for challenging the August 5th lows sometime this month. Wouldn’t that be something?

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Potential Energy (by Xerxes)

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This market has been fucking around for a while now. The large consolidation between 5550 and 5650 has been frustrating to say the least, but the nice thing about these setups is the large potential energy they can signify. I don’t know if anyone remembers grade school science, but potential energy is literally anything that is in a position to turn into kinetic energy (the example always given in grade school books is a child at the top of a slide). We have now seen a breakdown from this consolidation that has been building up all this potential energy, coiling up which hopefully portends further September weakness.

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