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.

StealthFlation Defined………………by BDI

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Dollars funnel.

StealthFlation:

An intractable economic condition that inevitably arises as unlimited units of currency compulsively pursue nonproductive wealth assets in a grossly over-leveraged economy which has been artificially reflated in a desperate and misguided attempt by monetary authorities to synthetically engineer growth via extreme monetization.   Preventing the real economy on the ground from seeking the healthy normalization and natural balance of free market forces necessary for genuine productive economic growth. (more…)

Technology First

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From Strawberry Blonde…….

A continued rally in the equity markets is really dependent on continued leadership in Technology, as well as a recovery in Small-Caps.

The following Weekly comparison chart of the Dow 30, S&P 500, Nasdaq 100 and Russell 2000 Indices shows that, from the 2009 lows, Technology has led the overall rally, for the most part, and, particularly, since early this year when the spread has widened considerably between the NDX and the others.


The following 60-day 60-minute comparison chart of these 4 Indices shows the NDX approaching this year’s high, while the RUT has the furthest to go to reach that point. I’d watch for any build in volumes in the NDX and the RUT on, either a rally, or any decline from this point…to confirm a commitment in sentiment, one way or the other.
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Never Play Chicken With Trains

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SPX had a strong day yesterday and broke back over broken wedge support and the daily middle band, closing at the 50 DMA. SPX has now made the 1955-8 target area that I gave on Monday morning. The daily RSI 5 closed yesterday at 67.96, close to the 70 target, and likely to make that target in the next couple of days. There is a possible reversal area there but I wouldn’t depend on that. The last four instances of this buy signal all topped out with the RSI 5 over 80. SPX daily chart vs NYMO and RSI 5:

140815 SPX Daily vs NYMO and RSI 5

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