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.
Three Simple Charts (by Heavenskrow)
The Housing market hits resistance from its peak in 2005 coinciding with a 23.6% Fib retracement level.
Possible Double-Tops (by Springheel Jack)
Equities and EURUSD have both been crumbling overnight. The potential double-top on ZB and TLT is also looking a good deal less impressive on ZB this morning. I've been mentioning regularly that the overall setup on bonds is still bullish, and if TLT clears the potential double-top area that will be even more the case.
On ES I mentioned the possibility of a double-top forming on Friday morning and that's starting to look pretty good. ES is extremely oversold on the 60min chart, and we may well get a decent bounce soon, but there are two key support levels to watch if we do get much more downside. The first is rising support from the June low in the 1335 area, which is also a potential H&S neckline. The second and far more important support level is at 1320. Anything below there delivers a lower low and triggers a double-top target in the 1265 area, effectively for a test of the June lows:
American Exceptionalism (by Mark St.Cyr)
I wrote and published this article originally in April of last year. Like wine it might have more flavor today than when first crafted.
American Exceptionalism…It’s the Cure not the Disease
Sorry folks, I’m getting a little tired of all the bashing, hand wringing, or the self loathing I keep hearing surrounding the American Exceptionalism argument. Hopefully many of you haven’t bought into all this trite the so-called “Ivy leaguers” like to espouse. For me, I’ll take a little more talk, and action from people wearing cowboy boots than the wing tips.
Have most people in this country forgot that it wasn’t the suits, and ties that forged into the unknown with nothing more than a horse, a wagon, and yes a gun. If that bothers anyone, save the emails, I could care less. The schoolboy crowd could have never taken root in this new unknown until the people who had the courage to go out and do It…Did It! Only after these pioneers settled themselves in, and actually built the infrastructure that would allow this “genius crowd” to actually attend a school could they then look down their noses at them.
Now What?…………………Evil Plan 73.0 (by BDI)
Well, my fellow Slope-a-Dopes, where to from here? The blizzard rages on, that much is clear/blurry. The whiteout will arrive as the storm's violent fury reaches peak strength. The only question that remains is will it bury us alive, or will we escape certain death by borrowing Ben's 300hp QE fuel injected turbocharged snow blower to dig our way out. Will the global economy rapidly descend into a deep freeze sending all financial thermometers to sub zero Centigrade, or will the coming coordinated round of massive global Central Bank snow blowing thaw all risk assets back up to Fahrenheit 451?
