We saw a trend up day that petered out in the afternoon on Friday. We may see some retracement today in which case strong support is still at the daily middle band, now at 2089. SPX daily chart:
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.
Update of the SPX:VIX Ratio
As I mentioned in my post on February 24th, 150.00 is the Bull/Bear Line-in-Sand level for the SPX:VIX ratio, as shown on the updated Daily ratio chart below.
At the moment, price is back above this level, after bouncing in between 160.00ish and 120.00ish since that last post.
Sunday Charts
Greetings from St. Louis. It’s my first time here, but my impressions are (a) things are a whole hell of a lot cheaper (b) every billboard is occupied by a personal injury attorney advertisement (c) they don’t believe in signal-based traffic lights, preferring instead the timed ones.
As occupied as I am with weekend stuff, I wanted to get out another post about – of all things – U.S. equity markets.
The Time Warp Again
A little over thirty years ago, I made my first trip to Palo Alto. I lived in a little town called Moraga in the East Bay, and some friends of my girlfriend (now my wife) were going to see The Rocky Horror Picture Show. I had never seen the movie (and if you know Rocky Horror, you know that you don’t really just sit there and watch it), and I had never been to Palo Alto. So, one night during a senior year in high school, off we went.
The place where they showed the movie was the Varsity theatre, a venerable cinema on University Avenue which had been there for decades. I had a great night, and I was practically rolling with laughter in the aisles from the movie. It was a very positive introduction to the town that would later become my home.
Steaming Cocktails
