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.
Holiday Resistance (by Springheel Jack)
Today is the last trading day before Xmas of course, volume will be low and we might not see a lot happen. I'll take this opportunity to mix in some longer term charts to the mix today to reflect on what trend, if any, might be emerging from this long road to nowhere this year. SPX reached 1255 yesterday, just under the 1257 break-even level for the year. It looks like it might open a little higher but whatever happens in the five remaining trading days this year, this won't have been a year where equities in the US will have moved much overall.
