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.

Vicious Rally Continues

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As the chart below of the /ES shows, what took about 20 days on the downside took only 4 days on the upside to erase. I thought downward moves were the fast ones! But in this case, the bulls did one of the greatest head-fakes in history with that H&S pattern and have been running with the ball (and stomping on bears' throats) for the entire week.

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At least GOOG hasn't poured salt on the wound. In spite of a positive earnings surprise, the stock is down over 11 points in after-hours trading.

I, for one, can't wait for this week to end. I'd appreciate it if God would smile on his humble servant and throw me a bone – even a Milk Bone – tomorrow. This has been quite the quartet of days!

More later………….

Bliss

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If you were an alien considering establishing relations with the people of Earth, and you sought to understand their culture, how likely do you think you would decide to do so based upon these popular suggested Google searches?

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Earth sounds like quite a fun place, doesn't it?

Well, at least you could save yourself some research……..

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He's a complicated man.

VIX and MDY

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Just a couple of quick observations. First, VIX is showing that complacency has utterly taken hold. We are at the same levels seem ten years ago. We are nearly 75% off the highs on the VIX seen last autumn. What a plunge!

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The market today is quiet and mixed compared to the rest of the week. Looking at the MDY, I would still say things are vulnerable, so I haven't found any great bullish opportunities. I'm laying pretty low right now, and nursing my wounds from earlier in the week.

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