I am not telling anyone anything new saying that bonds and stocks are inversely correlated. However if you look at this chart you will see how much stocks have out performed bonds and if the fed ever does take its foot off the gas how a simple mean reversion would lead to a 10% correction (more…)
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.
Reaction to the Fed Thus Far
Harry Boxer’s Charts of the Day
Line in the Sand for the Miners
Well, in just over two hours, the FOMC news will hit the wires, and we’re currently going through the same nonsense we go through eight times every calender year…………sitting on our hands and waiting for Ben’s Word. (You may find the blog new-post-free after the announcement, as I’ll probably be quite occupied……..but we’ll see). (more…)
Inflection Point Here
The chart I posted on twitter after the close yesterday showed the 69% bearish rising wedge that has formed from the last low on the SPX 15min. The W bottom broke up yesterday and is now at the usual point where these patterns can fail, which is just above the breakout level. If this bullish setup forming over the last few days is going to fail, this is the most likely place. If the rising wedge breaks up today, we will then have a triangle, W bottom and rising wedge pointing back above the current highs. At the least I would then expect to see a hit of the SPX daily upper bollinger band in the 1672 area and most likely a retest of the highs. SPX 15min chart: (more…)
