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.

“RISK-ON” Theme to Begin Fourth of July Fireworks

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Since the lows of 2009, markets have been trending upwards, generally, with a couple of pullbacks in 2010 and 2011.

From the Weekly comparison chart below of the Dow, S&P 500, Nasdaq 100, and Russell 2000 Indices, you can see how much markets have gained, percentage-wise, since those lows. The Nasdaq is in the lead, followed by the Russell, S&P, and the Dow, thanks to the Fed’s monetary policy pertaining to financial price stability, inflation, and unemployment concerns. (more…)

The Day Before

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I don’t know how long it will last, but yesterday was recognisably the second day of a band ride on the SPX daily upper band. ES looks as though SPX should open near the upper band,so whichever way it goes, this should be a third day for that band ride. There may be no more than that as quite a few band rides fail after the third day. If SPX has a strong day then I’d expect the upper band to close in the 1981-3 range today. SPX daily chart:

140703 SPX Daily Rising Wedge Mas BBs