Slope of Hope Blog Posts
This is the heart and soul of the web site. Here we have literally tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. You can also click on any category icon to see posts tagged with that particular category.
Party goers are gathered around the punch bowl as expected after the FOMC’s token move on QE. Jeff Lacker is jawboning additional tapers in $10b chunks and all seems right, except… the ‘continuum’ (AKA the 100 month EMA on the 30 year bond yield chart). (more…)
As if 2013 wasn’t challenging enough for old style chartists, it seems that lately some completely insane trades or calculations have been taking place that utterly screw the charts up. In just the past twenty-four hours, two of the most followed items in financial markets have complete barfage within their otherwise sensible tape action. Bonds had some huge-volume, weird-ass trade on Sunday: (more…)
Let’s face it – any stock in the social media space that isn’t flying at the present time must have serious, serious problems. The updraft obvious from a glance at FB or TWTR should propel any firm to new highs (on a daily basis, apparently) that has a chance at a decent future. Thus, ANGI looks pretty bad. I wouldn’t be surprised to see this thing utterly collapse in 2014. I personally am stunned this thing has a meaningful number of subscribers at all. (more…)
This has definitely been a great year for social media stocks. One look at the ETF symbol SOCL shows they continue to break away, virtually unabated (LNKD notwithstanding): (more…)
I was asked a very good question on Friday, namely why I had looked so carefully in the morning at a bear setup that was likely to be demolished at the open. There are two main reasons for that and they are first that my role is to look at the market and interpret what I see in terms of patterns and setups. It’s not for me to ignore anything I see that doesn’t fit what I am expecting to see, and I did qualify the bear setups with the comments that my overall lean was strongly bullish, seasonality and the GDP figures were bullish, and that the setup might well just break up into new highs, as it then did. The second reason is that seeing these patterns form and be steamrollered by bulls is of itself a strong signal that we are back in a strong wave up, and after these patterns broke up into new highs on Friday any remaining doubts in my mind about that were put to rest. (more…)