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.

Bounce Coming on Bonds ……. Probably

By -

SPX broke the short term rising channel yesterday as well as the daily middle band. I’m not seeing any strong reason to think that yesterday’s low won’t be retested and if so there is strong support at the last significant low and the weekly middle band, both at 2072. A break and particularly a close below would open up a test of double top support at 2039. Overhead resistance is at the daily middle band at 2096 and bulls really need to get back over and hold over the 50 hour MA at 2108. SPX daily chart:

150501 SPX Daily Patterns BBs MAs


Chain of Events

By -

Some tech companies (like AAPL) are far more suited to “buy and hold” than others. Take a case in point this morning: LinkedIn. If you were the bold sort, and invested in this sky-high outfit two whole years ago and held on through all the bumps and twists and turns………’d be sitting on the exact same amount of money (which, I guess, at least beats Zynga).