I'm having a very slow start this morning, because I'm tending to my very old, very sweet, she-wolf dog. Here's the view from my trading desk right now:
I'll catch up a little later.
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.
The Limp Dollar
As long as the dollar remains completely flaccid, equities are going to keep pushing higher, and the likes of gold, silver, and oil will remain strong. Looking at the EUR/USD, we've inched above medium-level resistance.
……and this has allowed the S&P 500 to get within a hair's breadth of that much-desired quadruple-digit level:
The Cover Curse Continues
The latest issue of Time magazine prominently mentions "Housing Seems to Have Bottomed" on its front cover, which only amplifies the blaring Newsweek cover that the Recession is Over. And now we have Barron's joining in the fun:
Are they kidding? I suppose the dumb money will push the stock a bit higher on Monday, thanks to this cover story, but it will only make the shorting opportunity that much grander.
Sheesh.
What the Heccis?
I'm always on the lookout for novel ways of looking at and timing the market.
Late last year, the following chart was sent to me:
It was dated November 20, and it called for the NASDAQ's fall to end on that very day.
Well, I've got to say, I'm impressed. Strictly speaking, the NASDAQ made a nominal new low in March (and, were I watching this chart at the time, I would have dismissed it as having failed). But in a broad sense, buying up NASDAQ stocks in November would have worked out quite nicely so far. So, with the benefit of hindsight, I'm intrigued.
Apparently this is the product of something called the Heccis Cycle, and I've tried to buy the book to learn more (the, errr, order page doesn't seem to work as well as the cycle does………I can't for the life of me figure out how to actually buy the thing). I'd be interested in opinions as well as input on other cycle techniques that have worked out for Slopers.
