Well, here we are. LDI is making money. Bernanke can do no wrong. Obama is in his second term. And Karl's whistling didn't do a thing to stop it. We are fully on the other side of the looking glass. Oh, and if you are wondering where Wave 3 is, he's hanging out with the Easter Bunny and the Tooth Fairy.
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.
Goldilocks Ends and ‘Currency Wars’ Begin
Below is a copy of this week’s free eLetter that went out this morning.
Goldilocks Ends & ‘Currency Wars’ Begin
Amid continuing inflationary policy, the US Dollar is at a critical
juncture by both daily and weekly charts. Euro targets 142+ and the Yen
approaches our target. Currency war kicks off; gold just sits there
biding time.
From last week’s eLetter:
“A Goldilocks atmosphere was expertly created in large part due
to the fact that Operation Twist (yes, we are still dealing with its
effects) by its very definition held long-term interest rates down
(buying long-term T bonds) while sopping up any money supply
implications and inflationary signals by sanitizing the process with the
sales of equal amounts of short-term bonds.”
How to Trade the Bio-Boom
I was once told that you couldn't make money from FDA, Phase III or other meaningful biotech decisions by an old publishing group I worked for.
Since leaving them behind, I've closed about 25 winners and only 4 losers since October 2012, including a five-day 250% gain on MAP Pharmaceuticals.
Those that can't think outside the box are doomed…
Another Retracement Setup (by Springheel Jack)
Yesterday went pretty much as I'd hoped on ES. The low was a test of 1491 area support, and the high was at the ideal right shoulder high in the 1500 area, holding under the 50 HMA on an hourly close basis. The quality of the H&S forming on ES is still looking pretty good, albeit that ES is now trading back above the 50 HMA, and this bear setup has a decent shot as long as ES can stay under 1500. The H&S target in the 1476 area is also an excellent fit with a test of the SPX daily middle bollinger band in the 1480 area: