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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.
Working Title
Running late today as I was out looking at a school this morning, so I’ve given everyone access to the charts that I post every morning for theartofchart.net subscribers. You can see those here.
There is only one remaining big resistance level for me (2060 area) before my main scenario will be that SPX retests the all time high, and SPX has gapped over it this morning, so we have a candidate breakaway gap. This is a very bullish development as long as the gap is not filled today. A gap fill would signal that the short term high is either made or being made. SPX weekly chart:
Post-Draghi Implications
By Biiwii
So now the dust settles on global markets that were given quite a stir yesterday by the ECB’s proclamation “We are ready to act if needed. We are open to a whole menu of monetary policy instruments.”
These things come on a nice, neat menu now? As if they are codified, tried and true and simply ready for implementation?
Well, if the US – where they showed ’em how it’s done – is a good example then yes, it is as simple as that. I used to write about Ben Bernanke’s big brain as he took policy innovation (interference?) to previously unheard of levels. It was ‘Check out the big brain on Brad Ben’…
What it actually is is a global deflationary whirlpool sucking things toward the drain. But the valiant fight is kept up by our policy heroes in a sometimes competitive, sometimes alternating fashion. Right now they are alternating.
