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.

US Dollar – Tomorrow’s Hero or Zero?

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Upside on SPX was capped by the weekly upper bollinger band as expected, and the close on Friday was at 1878.04, a point and change above the upper band close at 1876.64. SPX could continue to trickle up under the weekly upper band for a while yet, or we could see some retracement to clear some headroom for a more impulsive move. I’m giving the weekly close ceiling (without a rare and bearish punch over the band) this week in the 1890-5 range. SPX weekly chart: (more…)

Stock Market: It’s Bullish While it’s Bullish

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A point I have been trying to make since the beginning, which in my case for public writing was 2004, is “but it is what it is” (biiwii). The name of the website was a direct (and bullish) response to my own bearish bias (which endures to this day because I have seen no improvement in monetary policy making) as the Greenspan era credit fueled cyclical bull market was getting ramped up. In other words, it is what it is; don’t fight it. It was bullish. (more…)