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.

NASDAQ Moving Averages

By -

I know that saying anything bearish is likely to get me booed off stage, but I'd like to offer the following: below are the 50, 100, and 200-day simple moving averages for the NASDAQ Composite index. I've put an arrow at the points in 2008 and today where I think things line up pretty nicely from an analog perspective.

1024-COMPQAVERAGES

For what it's worth (which may be $0.00 in this market), I've circled the approximate place where prices were in 2008 corresponding to the above arrow. What it suggests is, yes, some more upside, but a market that is broken enough to fall heartily later.

1024-COMPQLOCATION

Of course, as long as we continue to be held hostage by the-announcement-that-never-comes, it hardly matters.

Weekend Look (by Cool Beans)

By -

Just read Tim Knight's post.  Must agree this has been a challenging month.  We have gone from seeing a Bear Flag … morph to a Wedge and now price has morphed this to an asending channel.  It's a bit much, but one has to expect something like this when price is in a range.  Looks like we are now breaking out of that and I would expect to see moves higher.   Seems like there is nothing to stop the $SPX from moving up to the 1257 level.

(more…)