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.

SPX:VIX Ratio ~ Pushing it to the Limit

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Further to my post of May 8th, we can see from the following Monthly, Weekly, Daily, and 60-minute charts of the SPX:VIX ratio, that the bulls are pushing the SPX to the limit, in terms of major resistance on the price ratio, as well as the Momentum indicator.

In spite of the new price-ratio high reached today (Wednesday), momentum has yet to confirm any bullish breakout on all four timeframes…one to watch closely over the next few days. In any event, any breakout may be short-lived, in order to relieve an overbought situation at historically high levels in momentum.

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Golden Triangle

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Gold has been a curious beast lately. It seems to be latched on to about $1300 as the right price, and it is oscillating – – in smaller and smaller waves – – toward that line, shown in red below. It will clearly break the bounds of the symmetric triangle at some point, but for those nimble enough, it’s been an interesting swing-trading vehicle, since it seems to be obediently painting out a tighter and tighter range.

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Save Snoopy!

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Long-time readers are aware of my deep fondness for animals. At the moment, I’ve got two dogs, five grown hens, four baby chicks, two lizards, two salamanders, and a pond full of fish (to say nothing of the humans running around here).

On Wednesday morning, friend-of-Slope Serge sent me the video below. Don’t be scared by the first few moments of sad dog faces; there’s nothing unsettling in it. The video shows how an organization is freeing dogs (in this case, Beagles) from laboratories and giving them the life they deserve. I found it very touching, and I am sending them money to help. Please watch the video, and remember the best way to get involved is to do what I just did moments ago – Donate! (more…)