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.

Weekly Sector Report 04.30.10 (by Leisa)

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Last week was a highly unusual week where all sectors were negative.

   
However….. in the more granular industries, here is a summary of those that were positive:

   

I regret that I do not have a chart book for you you on the 24 sectors. I had some technical difficulties with a new program that I'm using, and I'm quite unhappy about it. If you are an intrepid chart viewer, you can find the chart book of the 147 sectors in weekly/daily/monthly format. This report is more research weight, and it is 48mb or so. View it here…if you dare!
You can find the summary 147 sectors here.

Convergence

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There are no guest posts in the hopper, so today probably won't be the wild and woolly new post every 37 seconds experience that you witnessed last week. So I thought I'd put up a post this morning and let it linger a few hours.

I noticed something terribly interesting this weekend when looking at my long-term charts: the S&P 500 has almost perfectly touched its 61.8% retracement level ranging from the October 11, 2007 high to the March 6, 2009 low. We all know that.

But what's more interesting to me is that, at the same time, the S&P 500 is also just underneath its 61.8% fan line spanning from the low of (wait for it.………) June 30, 1932. This is my mombo long-term set of fans which have, in my opinion, represented important areas of support and resistance over many decades.

The bottom line is that I think that, at long last, we may have finally have a clear, firm terminus to this countertrend rally. God knows we've waited long enough.

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