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.

On the Cusp. Again.

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Well, this is just getting beyond dumb. With the Dow, having gone up thousands of points in just over five weeks, and the VIX being crushed by over 50%, the world is once again awash in arrogant, devil-may-care bulls and a handful of humiliated, despondent bears. Even a vicious terrorist attack by (who else?) the religion of peace did nothing more than cause a brief, tiny dip in the ES before it roared higher. Allahu Akbar, baby.

In any event, the indexes are primely positioned for a pummelling. I offer these charts to the three or four surviving bears on the entire planet (besides myself) who might have an interest:

0322-comp (more…)

The Missing Unicorn

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It is highly likely that SPX is close to the rally high here, or has made it already, and that at minimum SPX should now be the topping process for that rally. As well as the various patterns and divergences a 60min sell signal fixed at the open this morning, and the volume spike seen on Friday tends to be the market equivalent of the ‘black spot’ at predicting the imminent death of short term trends.

On the daily chart below there are nine previous instances of this kind of volume spike, and all of them were at or slightly before a significant high or low. The smallest move after the high or low was made on any of those nine instances was 80 handles on the bounce in December 2015.

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