The FOMC bombshell wasn’t a complete surprise yesterday. I did mention in the morning that the Fed’s capability or courage to tighten policy was mainly theoretical, and it’s still mainly theoretical this morning. Of course the Fed have to walk a fine line between blowing up an asset bubble, and depressing the economy by removing the highly addictive stimulants that may be all that are maintaining the appearance of continuing economic vigor. The US is fortunate to have such a dedicated and highly qualified team operating the printing presses day and night, 365 days per year, and seemingly prepared to do so for the rest of time, or until the value of the US Dollar falls to zero, whichever comes sooner: (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.
Day of Ashes
I’d be lying to you if I said today didn’t suck. For me, one picture pretty much captures it all: until 11 a.m. PST, my portfolio was contentedly gaining in value, enjoying the slippage of small-caps; the moment the Fed announcemnet hit, all hell broke loose, and I was stopped out of about a quarter of my positions. Absolutely zero fun. (more…)
Harry Boxer’s Charts of the Day
Gold Near Gap
Quite the rally, huh? I just wanted to quickly point out that gold is swiftly approaching a confluence of resistance points. I’ll leave it at that.
Leading Sectors
The RTT Market Timer highlights signs of strength (SOS) in the SP500 that usually result in a change in trend from bearish to bullish. The Richard Wyckoff way to select the leading sectors, then the leading stocks. On the charts below are colored triangles, the reader must understand not all are selected for trading, each is judged on its merits and the news of the period. Site members are of course free to act as they wish. (more…)
