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 Bull’s Principal Savior

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Another day, another lurch higher in the market. What a shock.

In spite of the Euro getting its butt (relatively) kicked, the market continues not to care. As I type this, the IWM and QQQ are both up, and in my estimation, a key reason for NASDAQ's insufferable strength emanates from Cupertino. Apple has made yet another never-before-seen high in its three decades as a public company.

0817-aapl

This is a very clean breakout, with a measured target of about $735. If this turns out to be the case, it means more suffering for long, long, long-suffering bears. If, by some miracle, this breakout actually breaks down, it will provide some much-needed relief for the ursine set.

TLT H&S Target Made (by Springheel Jack)

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I've been spending a lot of time looking at TLT over the last few days, and that's because while we have been seeing some interesting things on equities, the really important looking moves have been on bonds. If we see a really significant meltdown on bonds, and we're not there yet but we might be watching the start of that, then that has potentially big (upside) implications for equities. On the TLT 60min chart the H&S target was made yesterday, but there's nothing on the chart to suggest that a reversal is close as yet:

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