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.
Gee willikers, it sure will be nice when these flashing red sirens and brazen, blasting warning horns are actually heeded by anyone on the planet. This marvelous data is from our partner Current Market Valuation, and at this point the lunatics have taken over the asylum. Objective measures of the past SEVENTY-FIVE YEARS are absolutely screeching this market has never been more overpriced.
On Friday morning I was looking at an interesting bull setup across the Crypto instruments that I look at every day. You can see that here if you’re interested in my Crypto channel on YouYube.
On Bitcoin (BTCUSD) a small but bullish leaning falling wedge was starting to break up, and I was saying that I was expecting that to deliver a retest of the all time high in due course. That has delivered now.
BTCUSD 15min chart:
For months, the VIX has ambled between 14 (utter complacency) and 24 (what counts as “fear” in this government-wet-nurse environment.). We are at the bottom of the range right now.
My own website, Slope of Hope, provides me all the market information I’d ever want, so I’ve never bothered subscribing to anything else. That is, until about a month ago when discovered Current Market Valuation. What’s cool about CMV is that, unlike my chart-focused Slope, it is completely focused on long-term fundamental and economic data to draw its conclusions, which are by their nature devoid of emotion, interpretation, or agenda.
Having said that, here is where its aggregate analysis stands right now. Perhaps you have heard the term “pegging the meter“. It certainly applies here. It has NEVER been this hot.
On election day I was writing that the huge news this week would likely dominate the markets, and the first and larger part of the news is in, with Trump elected President again, and markets breaking higher in response.
I was also writing a few days ago about two unfinished business targets above that I was expecting to see hit within weeks and they were a new all time high on QQQ (done), a retest of the 2024 high on IWM (done) and possibly a retest of the 2021 all time high on IWM (also done). That has cleared out the unfinished business targets above so today I’m going to be looking at possible targets higher on the US indices.
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