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 general Small Cap and the Semiconductor sectors are considered
speculative leaders to the broad US stock market. In painting bullish
chart potentials, what do they think they see?
Small Caps: Still Bullish, But at Important Resistance
We observed a bearish pattern on the Small Caps and a bullish one on the inverse fund TWM in mid-May, noted the "kiss goodbye" to the topping pattern at the end of May, noted a precarious situation for bears in mid-July, a Bull Flag channel in early August and then the competing bullish patterns a week ago.
A break and hold below channel support on the SPX:VIX ratio pair would indicate
further weakness to come in the S&P 500 Index, as shown on the Daily chart
below (as observed in intraday action on Thursday).
This post has no trading setups in it, just a couple of thoughts on the way we approach the market problem.
There are many methods widely available to the public, from Elliott Waves, to Technical Analyisis, Indicators, etc. to try to figure out what the market will do next.
One thing that seems evident is that the vast majority of people is looking pretty much at the same things, although very few take the time needed to question these things. Do they really work or not? Are they based on scientific logic or delusional fantasies? Etc?
I'd like to make some example of the folks that make long terms predictions, for example stating that Gold and Silver will go up a lot in the next few years, or that the SPX will collapse and go back to 300, or that US bonds are the short trade of the century, etc.