Yesterday was a key day technically and by the end of the day the bulls had broken all the key levels I was watching for bullish breaks. The buying was steady and relentless, and even on the 1min chart the SPX RSI never hit 30 at any point during the day. (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.
War Off, Risk On
Just a quick note to start the day: with the entire Syria issue apparently settled, it’s off the races again for equities, but down-the-train for the likes of oil and precious metals. The assets which enjoyed the fear-of-war price appreciation are losing it, whereas equities are starting to penetrate deeply enough into their topping zones that it’s calling the entire September-is-bearish notion into question. So now everyone’s attention can revert back to Bernanke next Wednesday.
