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.

Taking Penn in Hand

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I normally have an extraordinarily relaxed trading environment, with lots of computers, even more monitors, my dogs, my chai at hand, and all the comforts of home. Managing Slope and my trading in the midst of air travel (with driving, parking, luggage, airport security, lame WiFi, relatively cramped quarters) sucks out loud. I make a point of traveling first class, not because it’s particularly nice, but because it at least makes the travel crappy instead of shitty. All the same, it’s super hard to feel the rhythm of the markets while dealing with all this nonsense.

Now that I’m here in a gym at Penn State, even with all the screaming going on around me, I can calmly reflected on what I see, which is why I wanted to share a few thoughts about what took place over the week.

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The Road To 3340 SPX

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As of Friday’s close our Follow The Leader service at theartofchart.net was up 168% year to date with 90% winners so far. This is an autotrading service in partnership with GFF Brokers, official broker for the World Cup Advisor Auto Trade programs.  This is included in our Daily Video Service and if you’re interested in that you can find out more about that here, and you can try a 30 day free trial at theartofchart.net here.

We are hoping to hit 200% on this by the end of the year at which point, on the minimum account size of $25k for this, the profits of $50k this year would repay our most expensive membership option, Trader Triple Play Annual membership at $2,490k per year, slightly more than twenty times over, not accounting for taxes of course.

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Doing The Splits

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At the risk of pulling a Jim Cramer and simply saying the market could either go up or go down, I wanted to make an attempt at being open-minded and showing the most bullish (and, of course, bearish) charts as we head into the big FOMC day on Wednesday. I’ll be glad when the whole charade is over, but face it, we must. Below, even split, are six bullish charts and six bearish ones.

Bullish

This, and other charts in this section, aren’t bullish per se, but they have been beaten so severely that there’s an argument to be made for a hearty, sustained bounce. There’s actually nothing bullish about it in the least, but it’s got a very long way to go on the upside before it encounters substantial resistance.
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