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.

CCI-Gold Ratio Will Tell the Story

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The story referenced in the title being whether or not global policy
makers can cook up an inflationary up phase in the global economy.  I
had used the term ‘i2k12′ early last year referring to the prospects for
what might ultimately be an inflationary 2012.  Well, they came with
the QE at year-end and now the theme shifts forward to the prospects for
i2k13.

A subscriber forwarded to me an audio of Don Coxe talking
about the changes coming out of Global Policy Central in “Basel
Greenlights Banks Big Time” and it turned out to be a good starter for a
post in which I would like to try to delineate some things.

You may have heard me belly ache in the past about the raving
inflation bulls who lump gold and gold stocks in with the entire
inflation trade?  Gold is copper is oil is hogs?

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The Astonishing Small Caps

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If there's one chart that illustrates the strangehold the bulls have on the bears, it's the one below. The Russell 2000 is at a never-before-seen-in-history high. Higher than the NASDAQ bubble. Higher than the housing/credit bubble. Never. Ever. Higher.

I had hoped that the break of the extraordinary wedge pattern (highlighted in teal) would be similar in follow-up to what happened with the prior instance that I've shaded in green. Instead, the fall terminated abruptedly on October 4, 2011 and has been more or less pushing higher ever since.

0115-rut

AAPL Update (by Springheel Jack)

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The retracement that I was talking about as likely yesterday morning seems to have started now, with ES at 1457.5 as I write. Daily middle bollinger band support on SPX is at 1443 now, but it's worth bearing in mind that the channel support trendline on the current SPX rising channel is currently in the 1415 area. As this retracement develops I'll be looking for a declining resistance trendline to form to help identify when the retracement finishes. Short term there is a double-top target on ES at 1453 and here is the updated rising channel on the SPX 60min chart:

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