13 years ago – Page 27 – 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.

What Moscow and March 12th Have in Common

By Strawberry Blonde - 13 years ago (13, Mar 2012 8:18:03 AM)

Some facts on Moscow according to Wikipedia:

Moscow ( /ˈ m ɒ s k aʊ / or /ˈ m ɒ s k oʊ /; Russian: Москва́, tr. Moskva; IPA: [mɐˈskva] ( listen)) is the capital, the most populous city, and the most populous federal subject of Russia. The city is a major political, economic, cultural, scientific, religious, financial, educational, and transportation center of Russia and the continent. Moscow is the northernmost megacity on Earth (but not the coldest), the most populous city in Europe, and the fifth largest city proper in the world. Its population, according to the results of the 2010 Census, is 11,503,501.^[8] Based on Forbes 2011, Moscow had 79 billionaires, displacing New York City as the city with the greatest number of billionaires.^[13]
In January 1905, the institution of the City Governor, or Mayor, was officially introduced in Moscow, and Alexander Adrianov became Moscow’s first official mayor. Following the Russian Revolution of 1917, on 12 March 1918^[21] Moscow became the capital of the Russian Soviet Federative Socialist Republic and of the Soviet Union less than five years later.^[22] During World War II (the period from June 22, 1941, to May 9, 1945 known in Russia as the Great Patriotic War), after the German invasion of the USSR, the Soviet State Defense Committee and the General Staff of the Red Army was located in Moscow.

(more…)

Bullish Action Overnight (by Springheel Jack)

By springheel_jack - 13 years ago (13, Mar 2012 6:03:25 AM)

ES held the first support level I gave yesterday morning at the 1360 level, and has broken up through the previous high overnight, holding it as support since. That was impressively bullish, though there is some negative divergence on the 60min RSI. Looking again at the IHS on ES this morning, and how it has developed since I first posted it last Thursday morning, the right shoulder formed on Thursday, it broke up on Friday, the neckline retest was yesterday and it has made it over halfway to the 1384-5 target since that retest. Obviously we may see that IHS target made very soon. Short term I have support at the previous high in the 1371.5 area, and rising support from the low last week is currently in the 1365.75 area.

(more…)

Coming Apart Reviewed

By Tim Knight - 13 years ago (12, Mar 2012 4:48:59 PM)

I just finished reading the best-selling Coming Apart by Charles Murray. I confess to not having heard of the book until I saw it in the store, but the cover of a champagne glass and a crumbled beer can instantly suggested to me that I was going to enjoy this new examination of the United States and its sociological disintegration of the past half-century.

(more…)

A Fresh Look at an Old Analog

By Tim Knight - 13 years ago (12, Mar 2012 1:00:05 PM)

I feel almost inclined to apologize for the number of times I trot out the gold bugs index analog, but – – well – – I think it's important. Week after week, this analog has held together and strengthened itself. Here's a grid chart comparing the 2005-2008 period (top) to the recent market history (bottom):

(more…)

Shaky Start Opex Week (by Springheel Jack)

By springheel_jack - 13 years ago (12, Mar 2012 10:39:45 AM)

There were too many charts to cover in a single post today really so I split off the interesting USD/forex setup into a separate post yesterday that you can see here. As I mentioned there, short term USD is looking as though it may break up and EURUSD looks ready to break down, though it's worth noting that since then EURUSD has made a marginal new low on positive RSI divergence. If EURUSD breaks back above broken rising channel support we may see a decent oversold bounce.

On equities the long setup is looking distinctly shaky short term, and it's worth remembering here that many swings start with a counter-trend spike followed by a bigger move down. On the ES 60min the high on Friday was well short of the IHS target in the 1382 area, but the 60min RSI is showing negative divergence, the initial support trendline from the low broke last night, and we have a short term lower high. I have support at 1360 and strong support at 1351.75. A break below 1351.75 would suggest a retest of last week's lows:

(more…)