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.

Can U.S. Markets Really Ignore European Woes?

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That is my question of the day.

With Europe's GDP shrinking well below 2008 levels and Britain's trade balance declining below 2009 levels, is the U.S. really immune to the knock-off effects? Time will tell…

P.S. And, who's minding the store with U.S. politicians focused on the election this year rather than on fiscal and economic problems? The Fed can only do so much with monetary policy…

Potential Topping Area (by Springheel Jack)

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We've reached a potential topping area on SPX for both the current move up and potentially for the wave C top if this move from the October lows has in fact been a bear market rally. If SPX was to top here or close to here then that would deliver a double top from the October low, with the November low as the pattern neckline, and if SPX peaked yesterday that would deliver a target range for the next move down in the 1020-5 area. If SPX goes a few points higher that target would drop a few points as well. Here's how that looks on the SPX daily chart:


Why a Short-Term Decline is Highly-Probable

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We witnessed another upside gap today and in my opinion the bears were handed a gift, at least for the short-term.

Most of the highly- liquid ETFs I follow here at Crowder Options have pushed into a short-term overbought extreme, with several actually reaching a very overbought extreme.

Typically, when we see this type of price action, that is an upside gap into overbought to very overbought territory at strong overhead resistance, a short-term reprieve is to be expected. However, if you recall, I expected to see  a reprieve after last Tuesday's large upside gap, but the gap in the tech-heavy Nasdaq 100 (one of my positions at the moment) has yet to close.