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.

The Market Reaction When NYMO is Below -100

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NYMO or the McClellan Oscillator has hit a very low point -hitting -103 today.  This does not happen to often, the last time was  November 23rd.

Below is a chart of the return of SPY 1 day after NYMO was below 100 from October

2009-Today:  From the middle of 2009 to now, 4 out of 9 times the market was up the next day after NYMO was below 100. With the highest being 4%.  5 out of 9 times the market closed down, the lowest was -6.5%

   1.  2.14 %   3. 4.04%    5. 1.47%  7. -6.51%   9. -.19%

   2..  -1.49%   4. -3.78%   6. -.14%  8. 4.65%

(more…)

Toronto’s TSX Re-enters 2011 Bear Market Territory

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Further to my post of April 9th, Toronto's TSX Index closed below major support of 12000 today, as shown on the Daily chart below. All of 2012 gains (and some of 2011) have been erased after prices peaked in February. Price is, once again, back down at bear market levels seen immediately after S&P's downgraded the U.S. credit rating in August of 2011.

Furthermore, as shown on the graph below, the TSX has lost 16.26% from its March 2011 highs…also interesting to note is that Copper has lost 18.64% during this time, as well, and is well below that post-August 2011 credit rating downgrade level…note today's 3-year high volume spike on the Daily chart of Copper below…ones to watch.