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.
U-Turn for Metals
As fear has made a swift exit from the market, the flight-to-safety trade has likewise disappeared. Look no further than gold for evidence of this, as gold gets monkey-spanked this morning:
Engine Trouble
I was saying yesterday that SPX was in an inflection point and the direction of the resolution was important, and the bears then immediately dropped the ball at the open to allow the cycle trend day to deliver a strong trend up day. This has brought SPX up to another inflection area in the 2040-50 range that was range support February through July last year, and that is being tested hard this morning. If bulls break through it that opens up the IHS target in the 2082 area and a possible retest of the all time high at 2134.
High-Ho, Silver!
Gold, Stocks and the Miners
One is the star of the year so far, grinding higher in what could be the launch phase of a new bull market as confidence wanes in the face of NIRP and other desperate global policy actions, and the realization that this disgraceful policy designed to spur speculation and asset price appreciation is all policy makers have got left in their bags of tricks. The endgame is a bag with a hole in it; a monetary black hole.
The other grinds on in what could be the last significant hope replenishing bounce before new downside is explored. Various US and global indexes are already in bear markets but casino patrons are trained to look at the S&P 500, Nasdaq 100 and Dow as “the stock market” and these have not yet gone ‘bear’. If the current bear-trend bounce fails however, that confirmation would be coming promptly.
