Well, the Dow Jones Composite has been the subject of my oft-cited Ichthus pattern (which at this point is resembling a piranha). I decided to update it somewhat to take into account recent price activity, and this is what I see: (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.
Sad news, children of the 1970s – – Gene Gene the Dancing Machine has passed on to the astral plane. This, for those who know not of Gene, is what passed for entertainment in the late 1970s:
Here’s today’s swing-trading watch-list:
Long Green Plains Renewable Energy (GPRE)
It’s been a good day so far (and a comic slap in the face to everything Yellen did yesterday……..just take a look at currency markets). I’m balancing my zillions of shorts with carefully-selected longs, and the best charts to my eyes are precious metals and miners. I’m long gold and a variety of gold miners. Gold seems to have a pretty easy path up, at least for a few points: (more…)
Yellen astounded everyone yesterday when she revealed herself as a dove, and made reassuring noises about the Fed’s willingness to spoonfeed and change nappies for equity investors into the indefinite future. Who knew? I just thank my lucky stars that I’m fortunate enough to live in the free market west where we have the world’s best and most open-handed central planners.
SPX broke back over the daily middle band at the close yesterday, and and long as SPX can hold that as support now on a daily close basis, I’m expecting at least a retest of the all time highs. SPX daily chart: (more…)