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.

Bonds – A Summer Projection

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I said on Wednesday morning that I was looking for a slightly lower low on TLT before a likely full retracement of the last move down. After that lower low and the wedge breaking up i was wondering whether an IHS might form at the obvious possible IHS neckline at the 50% fib retrace. On the ZB (30yr treasury future) below you can see that ZB reversed on Friday at that 50% fib (TLT reversed a little lower) and if this IHS continues to form then on a break over the neckline the target will be the 100% retracement of the last move down that I was looking for last Wednesday. ZB 60min chart:

150614 ZB 60min IHS Projection

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The Midline Watch

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Well, this endless, agonizing Greek drama that never ends still hasn’t ended, and as I’m typing this, it’s a sea of red. But there is still a huge “bid” under the market because Hope Springs Eternal (and why wouldn’t it? The bulls have had their subsidized asses saved countless times over the past six years). We need to break the midline. It’s as simple as that. We need to break it before we can party with our tops off. Until then, I remain fully clothed, but fully short.

0615-es