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.

Now or Never?

By -

Well, it’s here. Oatmeal Cookie Baking Troll Day is here at last. I’ve got a knot in my stomach that no sailor could ever figure out. To think that our livelihoods are dependent upon this horrid little woman is sickening and sad. But here we are.

I’m watching the Russell 2000 in particular. As we look at its chart, as well as the chart of the small cap leveraged ETF, it seems we are at an important juncture. Of course, Shrew-Monster could kill it, just like she could kill any other chart, but these are the lines that, at present, matter most. (more…)

USD Dollar and FOMC Today

By -

SPX broke strong resistance levels at the 50 DMA and the 1976-8 level yesterday to close at a very impressive 1985. That break up over the 50 DMA opens up the daily upper band as a target and that closed yesterday at 2003. With FOMC today it seems unlikely that Yellen can say a great deal to cheer the markets, QE3 has ended and is unlikely to be even temporarily revived, and the Fed has made so many soothing noises about future interest rate rises already that it’s hard to see what they could add to that. Nonetheless some more soothing noises today might just get SPX to that target at the upper band. SPX daily chart:

141029 SPX Daily Trendlines BBs MAs

(more…)