While our beloved Slope-meister rounds out his European vacation, I figured this might be a good time for those of us stuck at home to take our own quick trip around the world. I’d have to say that I have not seen such a unanimously bearish technical outlook for just about every major global stock market that I follow, US markets most certainly included, since at least early-mid 2011, if not late 2007. As (price) action speaks louder than words, without further ado I present you with a compilation of daily & weekly charts of the world’s largest equity markets. (more…)
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.
Internet Equities Return
Here’s Coupons.com, which reported its “strong” results today – – and the dashingly handsome CEO/Founder Steven Boal in the lower left. It’s like 2000 has come back in full force. Talk about half-off! (NOTE: this doesn’t even reflect the extent of the damage; this piece of crap has plunged to lifetime lows, well below what is reflected here; there’s a personal element to this story I shan’t go into right now, but suffice it to say I’m delighted to see this company in flames).
Market Update (by Faces In Cabs)
After Tuesday’s sell off, the markets ran in place on Wednesday – forming many indecision candlesticks on a variety of charts. Thursday’s pre-market future look spikey and a bit unrealistic. Let’s first review the $INDU analog and WAG I threw up on Tuesday.
Analog Update (still a near perfect match)
While I readily admit this WAG has low credibility, the current shock event continues to mirror the Dow’s 7% correction in January of this year. I have also added a 17-43 crossover (a trend change signal) on the chart which was validated Wednesday. The $INDU’s long trend up is officially challenged. For reference, the 17-43 crossover is from author/trader Jea Yu.
