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.
Technicals vs News (by Springheel Jack)
We saw a very strong day for equities on Friday and, despite the short session and holiday volume, SPX broke a number of key technical resistance levels that I'm inclined to take seriously. It wasn't a proper trading day on SPX, but I haven't noticed that making a lot of difference in the past when key levels have broken, and the benefit of the doubt is now back with the bulls.
On the SPX weekly chart the middle bollinger band (BB) target was in the 1412 area. SPX closed at 1409 which counts as a hit, so that is no longer a target. There have been fourteen hits of the weekly middle BB on a move from the weekly lower BB in the last fourteen years and eleven of those broke back above it. Of those eleven nine went on to hit the weekly upper BB, now in the 1475 area. Of the three hits that reversed at the weekly middle BB back down to the weekly lower BB, two went one to make the major lows in 2009 and 2010, and the third made the right shoulder on the 2010 IHS:
Money Flow for November Week Three (by SB)
Further to my last weekly market update, this week's update will look
at:
- + 6 Major Indices
- + 9 Major Sectors
- + Trendline Breaks on 7 Major Indices
- + Percentage Comparison Chart of 4 Major Indices
- + Ratio Charts of SPX:VIX, RUT:RVX, NDX:VXN
- + Ratio Chart of AAPL:NDX
- + 30-Year Bonds
- + European Top 100 Index
Pendulums And Pitfalls (by Mark St.Cyr)
Everyday we hear warnings in one form or another about the looming
“Fiscal Cliff.” However one thing that seems apparent to someone like
myself is the increasingly changing tone or tenor heard across the media
landscapes.
To paraphrase what’s emerging are lyrics such as, “Well it’s not
really a cliff – it’s more like a slope.” or “Just because we go over
doesn’t really mean it’s something we can’t fix.” These are probably the
most dangerous warning signs one can hear if you’ve ever been involved
in crisis management.
Crisis or turn around management is not for the faint of heart. The
landscape is littered with the unsuccessful. It’s a pretty exclusive
club. So being part of this club more than just once, I believe I can
share a little perspective.
