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.
SPX Reminder (by Strawberry Blonde)
A gentle reminder of my Top-Down Analysis of SPX…
Below is an update of the Daily chart…my comments still stand…looking for a break and hold beneath 1350…target is 1250.
More Bearish Charts (by Springheel Jack)
Well I said yesterday morning that the key to the day on SPX was the 1365.74 level, and the HOD was 1365.88. A marginally higher high but nothing worth writing home about. Declining resistance was pinocchioed but held on the SPX 15min chart, and unless that can be broken today in the 1360-1 area the bulls have nothing:
JPM Takes It On The Chin.
Although I am normally critical of the constant negative reporting of ZH, today I have to say kudos to them. They do bring out the dark side of the Wall St like no other. Two of their reports stand out today.
- The going on of JPM and
- The impending bond default of Greece.
My only point is: do not get caught up in headlines or conspiracy theories while trading or investing- pay attention to risk management. Stock market is not economy. Wall St. is a giant casino and the house always wins.
Lucy in the Sky with Dimon
I guess all the chatter and excitement (and e-mini weakness) tonight is based on JP Morgan (JPM – duh) announcing a potentially gigantic loss in one of their funds (or some such; I couldn't really care less about the particulars; what counts is that it's nuking equity futures right now).
I'd say firm support is at about $33. It won't get there tomorrow, but it's well on its way.
Do I need to remind anyone here that the first serious tremors of the (marvelous, delicious, awesome) financial crisis of 2008 was when some big funds started blowing up late in 2006 and early in 2007? Those were the canary in the coal mine.
Of course, Jamie (who the hell names a boy JAMIE? The only "Jamie" I've known in my life was a transvestite, and yes, I'm serious) is probably waiting for Bernanke to bail him out with a check from you and me. What are friends for?
UPDATE: Home page of ZH, baby!
