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.
BOJ Bombshell
Well we looked very close to a high at the close yesterday but with the gap over strong resistance likely at the open we could see an extension further upwards. On a sustained break over the rising wedge resistance trendline on Dow then we are forming a new pattern that is not yet clear. The same applies on SPX. Dow 60min chart:
Trillion
Thanks to the Bank of Japan, I got pretty much no sleep at all last night. As you all know, they announced that they would be printing up nearly a trillion dollars a year, with no stated end-date, for the purpose of buying up their own government’s bonds as well as equities, both domestic and abroad. The currency wars are in full swing, and we have truly lurched into a new level of insanity. My bearishness on precious metals and crude oil (and their producers) is the only silver lining right now.
