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.

O Me Of Little Faith

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Well, the Tim-is-traveling effect clearly works, even if I travel on weekends. It just has a lag time.

Indeed, I should be ashamed of myself. And ashamed of my fear. What would Dr. Peterson say to me? Don’t be weak! Yet there I was, on the Southwest flight home, and I knew the futures market had opened. I’m a cheap sumbitch, so I hesitated to spend the $8 on Wifi, but I just couldn’t take it. I was eager to see what futures were doing. Probably getting wiped out, right? I sure hoped so! So I paid my eight bucks, fired up thinkorswim, and……….

esopen
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Neutron Bomb of Fear

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I am flabbergasted at the collapse of the fear index. In the span of just a few days, it was crushed to almost half its level, collapse from the mid-30s back into the teens. We see plainly that BTFD rules the human mind. My view is that this will be recognized as an error in judgment. I hate to put so much weight on one report, but I again point to tomorrow morning’s CPI data as a potential inflection point.

vixcrush

All the Sense in the World

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As much of a kick as it is to see the market get swamped by selling for a few days, it is only natural (particularly given the corrupted construct of this market) that there be some strong buying at some point, such as, oh, right now. Indeed, as I am thumbing through some of the younger charts out there (those that have been public only a year or two and, in recent weeks, have been particularly ravaged), they are the ones hammering out what look like solid short-term bottoms.

All the same, as I look through the index charts, the kinds of levels the indexes are approaching making all the sense in the world with respect to where gaps should be closed or resistance should be met. Even in the context of an overall market swoon, the market action today is abundantly acceptable.

comp
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Fleeced

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It’s happening. Just look under the surface. Look past AAPL and NVDA. Look at the market as a whole, particularly the meme favorites from the 19-year old “traders” that loiter on /WSB. These stocks, in a rational market, would all be valued at $0.00. But even in this laughably fake market, they are suffering, and gravity’s pull will continue to yank them down toward their honest value.

slopechart BMBL
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