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.

Moving Averages of the Major Indices

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The 10-Year Daily chartgrid below shows only the 50, 100, and 200 smas of the
Dow 30, S&P 500, Nasdaq 100, and Russell 2000 Indices, without the candles.

All three moving averages are still in an uptrend on the daily
timeframe; however, the 100 and 200 smas are beginning to flatten, the 50 sma
has hooked down, and they are merging…a possible sign of a
reversal-in-the-making. In fact, the 50 sma has crossed below the 100 sma on the
Nasdaq 100 Index, and is getting close on the other three Indices…reflective
of recent weakness and profit-taking, particularly in the Technology
index.

(more…)