Most folks think it’s all about Syria at this point. I disagree; I think it’s all about interest rates. And the continued weakness of bonds, in the face of the completely-untapered $1 trillion per year purchases of bonds by Bernanke, spells disaster ahead for all asset classes. (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.
YUM! or Yuck?
The chart on YUM (Yum! Brands Inc.) doesn’t look so yummy to me. In fact, it looks quite ugly. YUM recently pounded out a triple-top high with solid negative divergences in place on both the daily & weekly time frames. The breakdown of this bearish rising wedge pattern on the daily chart provides an objective, well-defined short entry at current levels (YUM actually just backtested the pattern today as well). (more…)
Big Channels are the Highway
The more data you have, the easier it is to see critical levels. (more…)
Monthly and Weekly Charts on Gold and SPX
Hi Folks,
I am on vacation for another two weeks and so I will not provide much commentary with these charts. I am going to combine the monthly and weekly charts together for this post. (more…)
More Good Reasons to Buy
The surge in equities today is brought forth by one compelling reason:
- We are not bombing Syria right now
I propose that there are many other reasons to, as Cramer would say, “buy buy buy!”. They are as follows:
- We are not bombing Iran right now;
- We are not bombing France right now;
- We are not bombing China right now;
- We are not bombing Canada right now
I’m really not sure what you are waiting for. Buy some LNKD! It’s only got a P/E of 1,000! It’s time to get in on the ground floor.
