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.
Glaring Divergences Between S&P 500 and Oil
For the past two weeks, the heretofore, inseparable tracts of the Emini S&P 500 (ES) and Oil have seriously diverged.
Since Apr 22, ES is up about 1%, while Oil has declined about 14%.
ES remains in a well-defined uptrend, while Oil has carved out a meaningful, near-term downtrend after its Feb-Mar advance from $26 to $42.
Of course, from a much longer-term perspective, ES is in a multi-year bull trend, that is recovering from a 14% Jan-Feb correction, while Oil remains in the grasp of a vicious bear market from $110 to $26, and may have merely ended a “minor” recovery-rally period.
My Extraordinary Target for Japan
Like I said……..