14 years ago – Page 14 – Slope of Hope with Tim Knight

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.

On This Day, February 20th…

By Strawberry Blonde - 14 years ago (20, Feb 2012 10:34:35 AM)

On this day…

From the United Nations:

The General Assembly proclaimed 20 February as World Day of Social Justice in 2007, inviting Member States to devote the day to promoting national activities in accordance with the objectives and goals of the World Summit for Social Development and the twenty-fourth session of the General Assembly. Observance of World Day of Social Justice should support efforts of the international community in poverty eradication, the promotion of full employment and decent work, gender equity and access to social well-being and justice for all.
Declaration on Social Justice for a Fair Globalization

…"justice for all."

http://www.strawberryblondesmarketsummary.com/

The Reaction So Far

By Tim Knight - 14 years ago (20, Feb 2012 7:02:06 AM)

From what I can gather, everything's all settled with Europe now. Greece is saved again. I'm feeling exultant because we won't all have to obsess over the next conference call, meeting, press conference, or photo-op…..that is, until the next inevitable crisis, which is probably just a few months away.

In the meanwhile, it's more than a little interesting that the entire "Greece is Saved!!!!!" rally (to say nothing of the Chinese easing news) – highlighted in green below on the NQ – has, for the moment at least, been largely erased.

In any case, with this nonsense out of the way, it should clear the air quite a bit for normal trading. I don't want to hear about another summit ever again in my life. Thus, I am sure to be disappointed, probably sooner than any of us think.

Lie to me Pinocchio – Evil Plan 41.0 (by BDI)

By Idiot Wind - 14 years ago (19, Feb 2012 12:15:35 PM)

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Reversion to the Mean?

By acrowder - 14 years ago (19, Feb 2012 9:02:23 AM)

We have witnessed a long, steady grind higher since 2012 began.

It was more of the same this week. The low volume grind shows little conviction, but continues to amaze even the most bullish of market participants.

Why?

Because we have only seen a daily pullback of 0.73% since the year began. That’s right, 33 days without a 1% pullback. That is the 13^th longest streak since 1928.

The Nasdaq has been the leader among the benchmarks as it has advanced over 13% since the beginning of the year. Of course, with Apple making up roughly 20% of the Nasdaq 100 index, it is no surprise to see such a huge return in such a short period of time.

When the largest company in the world, with a market cap almost $100 billion more than the second largest company in the world Exxon, gains 25% in barely a month you should expect to see a rise in the indexes.

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Money Flow for February Week Three

By Strawberry Blonde - 14 years ago (18, Feb 2012 8:07:55 PM)

Further to my last weekly market update, here is a summary of where money flow ended for Week 3 of February, 2012.

The Weekly charts below of YM, ES, NQ & TF show that all four made a higher weekly high than the prior week, but the TF was the only one that didn't make a higher weekly close, so far, in February. The NQ has reached a confluence of Fibonacci and upper channel line resistance…one to watch for either a breakout higher or a retracement.

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