So our new Fed chairwoman (so they say) Janet Yellen is scheduled for the Congressional hot seat this morning. Based on her track record the overall consensus is that she doesn’t intend to rock the boat, which probably means more of the same extended QE approach we have seen during the Bernanke years.
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.
Ultra brief post today.
Market is overbought.
Odds to go SHORT at 1802.75 are 92.73%.
Can the market go higher? Yes, it can, and actually in the last few days we had suggested that, when the market was down, and that was the moment to buy, not now.
Now is time to sell.
Place your SHORT bets and have a Stop Loss.
Here below is a CCOC table showing you how increasingly rare are a series of consecutive DAILY up closes beyond 6 times (today would be the 6th day up in a row).
If you want to sign up to the online quantitative tools shown in this post, please follow this link and subscribe to the special “SOH Offers”.
Copyright © 2014 Retracement Levels. All Rights Reserved