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.

The Persistence of Memory

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Let’s do a bit of a thought experiment, shall we?

Let’s assume that, in some form or fashion, the general “conspiracy theory” (as it were) about the stock market is correct. Let’s assume that the powers that be recognize that a persistent, widespread wealth effect is the only way to keep people calm, and keep themselves in power. Let’s further assume that, in their hearts, the instigators don’t (and can’t) really know where this is all going, but they’re hoping it will all work out. In the words of George Carlin, they are counting on the American Okey-Doke. (more…)

Sliding Off The Upper Band

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After a six day band ride SPX fell away slightly from the daily upper band yesterday, though it didn’t fall far, and the promising bearish look of the open faded swiftly. It is still possible that the band ride could continue another day or two, but if so we would need to see SPX return to upper band resistance today, and that would be in the 1932-6 area. It’s more likely however that we will see more retracement or consolidation over the next day or two. SPX daily chart:

140604 SPX Daily Rising Wedge and BBs

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