Mainly an equities post today as the action there on Friday was very interesting, and should follow through this week. On SPX the daily middle bollinger band was broken and I have marked the three main support levels to watch on the chart. They are the daily lower BB at 1612, the 50 DMA at 1600 and the primary target is of course the broadening ascending wedge trendline, now in the 1590 area. SPX daily chart: (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.
June 3rd, 2013, E-mini Prep work
Technically, Friday broke the daily trend and momentum. However there were key volume profile areas below that were tested and have for the time being provided support.
Support 1626.25-1628.00
Mid-Point: 1641.00-1643.50
Resistance: 1657.00-1659.00
Big number at 10am EST today, are good numbers good or bad for the market now? No need to re-invent the wheel just manage your risk prior to the release.
Weekly Charts – Blowin’ in the Wind
Hi Folks,
It’s been said that prediction is difficult – especially about the future! Technical analysis is often mistakenly used as a predictive tool. Nearly all indicators used in technical analysis are lagging making them excellent at telling you what has happened (or is currently happening) but forecasting with them is a different matter entirely. (more…)
When It’s Cheaper To Hedge Junk Bonds Than Treasuries
Down Elevator For Bonds?
In a post on Tuesday (“Bonds are Prone to Much Lower Prices”), Tim predicted that the iShares Barclays 20+ Year Treasury Bond ETF (TLT) could fall to around $100 per share by the end of June. On Twitter on Friday, investor and newsletter publisher Bob Brinker offered a similar warning regarding the junk bond ETFs SPDR Barclays High Yield Bond Fund (JNK) and iShares iBoxx $ High Yield Corporate Bond Fund (HYG), both of which closed Friday near their lows for the day: (more…)
Elon Musk Doesn’t Care What You Think
Although the headline might conjure up the impression of someone “not caring” in an elitist sense. It’s not the case at all.
What I do want to express is this; Mr. Musk doesn’t care that nearly everyone thinks or thought he couldn’t do, or get done, the things he has. By his own actions and track record he has proven the only thing that matters is whether he thinks it can be done. And that my friends is a point far too many miss. More people place too much time and energy on what they believe can’t be done. Which in turn produces that exact result. (more…)
