The Aussie $ is hugging support as I write this around 12:30 pm EST on Monday.
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.
Fed Plants Exit Plan Noise, FrankenMarket Reacts
This is the most obnoxious market I have ever seen. People are like sheep trumpeting everything the dear and great leader wants trumpeted. Ever since gold began to unwind in the 2011 kick off to the Euro crisis, market participants have been following media driven hysteria like schools of fish following the lead fish. Or is it flocks of birds? (more…)
The Slope of Nope
Could they make it any more obvious? Disappointment is the diet of the bears, three square meals a day.
Every time there’s any weakness, it is reversed within half an hour. It’s becoming as predictable as it is nettlesome.
I have – somehow – managed to stay in the green so far all day, in spite of an entirely-short portfolio, but the day’s earlier profit figure has definitely gone on a Slim-Fast diet. In any event, the Fed-controlled market remains in Fed control, “tapering” or not………
US Dollar and Bonds
SPX recovered to test the highs on Friday and closed six points below the weekly upper bollinger band at 1639. It’s very rare to see a significant break above the weekly upper bollinger band, and that can only rise at about ten points per week, so we are unlikely to see any powerful further drives up without some consolidation or retracement first. Any immediate weekly rises from this level will be incremental: (more…)
