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.

No More Pushing

By -

Silk purse. Sow’s ear. You know the drill. Here we meet again.

Among the major markets, as I’ve mentioned previously, the only chart which I sort of like is the small cap futures. In recent days, I’ve found myself having to nudge the horizontal a little bit higher, and a little bit higher, and then a little bit more. But enough is enough. I consider myself an honest chartist, and there’s only so long one can play that little game. I’ve thus shoved the line back to a sensible place and accepted the fact that prices have, sadly, pushed above it. Maybe the pattern is kaput, or maybe it’s a temporary overshoot. We shall see. But I’m not doing to warp and distort the chart just to reach some desired conclusion.

(more…)

What’s Next? (by Xerxes)

By -

It’s been a while since I’ve posted so I thought I’d throw my 2 cents into the mix. We’ve had quite a year so far. The bulls snatched the ball in March and really haven’t let go since then. We’ve rallied quite hard on a) bets against the Fed raising rates much further and b) the belief that AI will lead us into a new utopian future (my own cynicism perhaps keeps me too grounded to let that thought run too far in my mind, however). And after 3 full months of nonstop bullgasm, we finally see a potential breather occurring. Looking at the indices:

Nasdaq, Monthly.
(more…)