The following 3 Weekly ratio charts show that the SPX, RUT and NDX have weakened in comparison with their respective Fear indices. Price has now reached a major confluence level on all 3 at the bottom of a rising channel (from the 2011 lows) and a 38.2% Fibonacci level (taken from the 2009 lows). (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.
Don’t Let It End
It’s all well and good that the market is falling to pieces, but I hate days like this, because I’m concerned we are nearing yet another bounce. I hate bounces. We’ve had five years of them, and they always wind up doing the worst thing possible: moving to new highs. I am seriously thinking of covering positions right now (not all, but some), but I’m going to do it on a stock-by-stock basis. Suffice it to say that my positions have done quite well, but five years of agony can break one’s will to stay firmly in position. Maybe it’s sensible. Maybe it’s foolish. But empirical data suggests our bullish friends might be getting into position soon. The median line of the channel below has to be broken. If it is, then we can start to break the spirit of those bastard bulls. Stay tuned.
Annoying with a Capital A
One would be hard-pressed, I think, to find any trader – be they bull or bear – who is in love with 2014 so far. Below is a simplified chart of the ES for the year so far. As you can see, we’ve gone absolutely nowhere. If the market rips higher, it just sells off. If the market plunges (as it did, as so often before, this morning), it simply recovers. Only the most nimble (and fortunate) ES traders are thriving. For the rest of us…….this kind of action gets old pretty quickly……
The Next Segment Of Luxury: Subscription Everything
If there’s one thing that will always be in fashion, or in vogue it’s this: Someone having something others don’t by one of two means – “in the know” or, they can afford it. Followed with the willingness to flaunt it. (more…)
How [They] Learned to Stop Worrying and Love the [Market]
How I [they] Learned to Stop Worrying and Love the Bomb [Market] paraphrasing Stanley Kubrick’s great cold war/nuclear paranoia film Dr. Strangelove (1964).
