Daily Archives: June 19, 2017

Mash and Squash

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A SlopeCharts user (and PLUS member) has been emailing me about using the Macintosh with the system, wondering if SlopeCharts is Macintosh-friendly. I assumed it was, but I hadn’t tested it.

Well, I gave it the run-through this evening, and it passed with flying colors. Apple, in its wisdom, has never given its users a right-button for its mouse (which I think is idiocy), so you need to use the Ctrl button instead (e.g. Ctrl+mouse click). But except for that one oddity, everything works just great. I wanted to mention this in particular since I was surprised to see how many Mac users we actually have here on Slope.

0619-macintosh

Custom Chart Symbols

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I’ll start off with something for everyone – – an updated chart of the S&P 500. We are getting within spitting distance of the S&P 500 target. Truth to tell, I’m not quite sure where to place the minimum level of the retracement. If I drag it down to the 1980 low, the target is a tiny bit higher – – 2491.88. Whichever it is, we’re awfully close.

slopechart_$SPX

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Bonds and Related Indicators

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The June 18 edition of Notes From the Rabbit Hole has a few less stock charts this week in order to ramp up the macro talk, which appeared periodically through the report; but especially in the Precious Metals and Bonds segments. Excerpted from NFTRH 452…

Bonds & Related Indicators (and more macro discussion)

The target for TLT continues to be around 129. Treasury bonds are in bull trends (remember back a few months ago to all the bond hatred in the media). How does an eventual decline in bonds square with what we just noted above regarding Q4 2008? [work done in the preceding Precious Metals segment] Treasury bonds were a wonderfully bullish asset during Armageddon ’08 and who’s to say that an upside blow off may not be coming sooner rather than later amid massively over bullish sentiment? I mean, there is certainly no stop sign at our 129 target. Sentiment, as we are all too aware, can take a long while to manifest in pricing.

bonds

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