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.

Powell Power

By -

Before I begin, I wanted to thank everyone who has written me both ideas and congratulations for our new Annual Overlay feature (yes, I’m going to come up with a better name, hopefully one which doesn’t stink). I don’t think I’ve ever received as many ideas for a given feature before. Anyway, on to the green screens……….

Lifetime highs. That’s what we’re getting on the heels of yesterday’s FOMC announcement and in advance on next week’s G20 summit. Only since June 3, not even three weeks ago, we’re up nearly 2,500 points on the Dow and are busting records left and right.

eshigh
(more…)

Grimace

By -

I’ve been doing this whole “charting” and “trading” thing a long time. I was there for the 1987 crash, as well as the bull market that led to it. I can remember the market’s response to the invasion of Kuwait like it was yesterday. The Internet Bubble. The crash of 2001. 9/11. The financial crisis. And on and on and on.

But I’ve never seen anything like what we’re seeing now. You’d think that, in the 11th year of this pre-fab bull market, some two-sided action might be creeping in, but, nope. This entire thing is starting to feel permanent. And it feels like the MMT lunatics are going to end.

Anyway, below are some major indexes and ETFs along with their breakouts:

slopechart COMPQ
NASDAQ Composite pushing to lifetime highs
(more…)