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.
Godspeed, Curiousity – This is So Freaking Cool
Stair Steps
Today is probably going to be an important decision point for the market, as the Fed comes out with its FOMC minutes at 2:00 EST. The past few days, we have been "stair-stepping" down, with the market trying to put together a little rally but being turned away, as illustrated by the horizontal lines below:
The area I've circled, though, is what really counts. Since June 4, the market has been in more-or-less of an uptrend, and we are very close to the trendline today. I imagine that whatever the FOMC sputters in its minutes will drive the balance of the week, either snapping the trendline for an intermediate trend change or firming up and reversing as it did late in June, when the 21st Summit Bailout took place.
Incidentally, a thoughtful Sloper was in Beijing and took a picture of the admonition below. Wise words!
