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.

Bulletin: It’s a Credit Bubble!

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You may have caught the title’s little inside joke.

Sometimes you (well, I anyway) can look at a graph representing data that is a culmination of history (i.e. reality) and just let it settle in for some perspective and even some conclusions.

Whether these conclusions are right or wrong is subjective and open to debate. But what I see here when viewing the Prime Rate historical is summed up after the graph (graphs courtesy of Economagic, mark ups mine).

prime.loan

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Healthcare is Broken (by DocSean)

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Controversial or not, Obamacare is now the law of the land.  Depending on who you survey and how, rates are better for individuals than before, or they are more expensive.  One thing is for certain, more and more people are being subsidized for health benefits than were before.  But is this the real issue at hand?

I’ve always been told if the wheel isn’t broke, don’t fix it.  In the case of socialized medicine, I believe we refused to address the real underlying problems with our medical system today.  The system IS broken, and all we did was throw billions upon billions of additional dollars at that same system.  This is not to say that everything about our United States healthcare program is a failure.  In fact, I content that for emergency care and certain surgical procedures, we are by far the best in the world.

DocSean1

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Optic Run

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Today I’ve done an optic run of the 15min charts of the main US indices to get an idea of how the next few days are likely to develop. I’ve discarded the smaller SPX double bottom that I’ve been showing as a possibility, and the bottom line is that of the six double bottoms on these six indices, not one has yet made target. Given that SPX, Dow and NDX have already broken the 61.8% fib retracements the obvious conclusion is that the falling wedges that broke up on five of the six indices below are full reversal falling wedges, with targets at lower lows from the previous highs or tests of those highs.

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ES Short (by Retracement Levels)

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After the recent “mental waterboarding” (as some media called it), Greek Prime Minister Alexis Tsipras is now on the run, in search of his forgotten identity (the one where he had promised to terminate austerity and reject Greece’s creditors proposals):

The Tsipras IdentityIn the meanwhile, the E-mini S&P500 (ES) has reached interesting OVERBOUGHT levels. If the Greek Parliament rejects the deal signed by Jason Tsipras, oops sorry, Alexis Tsipras, the market may tank again from here, this is why it’s important to see what our SHORT model (below) is saying.

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