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.
Out of Sync (by Springheel Jack)
The New York based markets are reopening today though a lot of the workers there might be struggling to get to work. Nonetheless the view that they will reopen today seems to be firm so this should be the first full trading day this week.
While the main markets have been down the futures and equity markets have been getting out of sync, and in particular the declining channels on NDX and NQ are now very out of sync, which is going to make it harder to judge whether the current retracement has ended. I was saying last week that the channel resistance trendline on NDX would intersect the broken support trendline from the June low at the end of Wednesday this week at 2705-10, and that will no longer be the case I think. I'll review this chart after the open to see how that looks:
Biotech Shorts Video
Tuesday Update of E-Minis (by SB)
Best wishes, America, in your recovery in the wake of Hurricane Sandy! My
thoughts and prayers are with you.
Markets have been
closed since Monday due to the hurricane. Below is an update of the YM,
ES, NQ & TF e-mini futures indices, with the last two days
(comprised of Globex-hours trading only) signalling a potential reversal. We'll
need further clarification during full market-hours trading when that resumes (scheduled for Wednesday).
All four are now below their channels from the June lows, and any bounce may
only be testing the bottom of the channel before resuming a downward
trek.
Adding Fuel To The Fire: With Water (by Mark St.Cyr)
He we are the day after when the “Storm of Storms” has hit the
eastern seaboard of the U.S. with the devastation rivaling the asteroid
believed to have hit the Yucatan millions of years ago and wiped out the
largest lifeforms of the planet.
At least that’s the way Sandy has been portrayed across the media.
She’s causing distress and hardship yes, but as of this morning her
trail of destruction seems more inline that she’ll fall more into a
nuisance based aftermath rather than the death and destruction
equivalent of a Mayan apocalypse.
So here is where things begin to just not add up. When the tragedy of
September 11th, 2001 happened one of the first concerns regarding the
markets was to ensure in the event of any similar events; the markets
could operate, operate correctly, and efficiently.
