I’m in the throes of moving house at the moment and am struggling to get posts out so there may be just one a week or so until I’ve finished in three or four weeks. It looks like I may actually need to take a whole week off at the end of the month which would be the kind of holiday where I do no charting at all for a full week. That would be the first time in a long long time but might be a good thing, even if I’m not really a holiday person.
(more…)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.
Let’s Bust 3960
Good morning, everyone. This feels like the first encouraging morning in about seven months to me. I hope it stays that way. The next important support level to break is 3960 on the /ES.
Herky Jerky
What has transpired over the past ten trading days has been extraordinary (and rather tiresome). I can sum it up with a simple chart of half-hour bars:
Morgan’s Vision
Morgan Stanley offered up three scenarios for the year ahead. I’m inclined to agree (surprise, surprise) with the bear case. The “shape” of their prediction is the same for all three scenarios, but the weakest one, with an S&P hitting a 3,000 target before some kind of mega-intervention comes along, makes the most sense to me.
Q4-Q1 Plan Engages
Relief provided by an easing October CPI ‘inflation’ report the trigger
It was bound to happen sooner or later. October finally showed an easing comp in what most people think of as inflation (CPI)* and markets that were ripe to rally for other reasons used the ‘CPI inflation’ report as the trigger.
NFTRH has been on alert for a potentially positive Q4, 2022 to Q1, 2023 seasonal play since first uncovering the post mid-term election cycle’s positive implications over a month ago (NFTRH 725).
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