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.
Deutsche Bank Isn’t the Only Sick Mega-Bank
I have been writing about Deutsche Bank for about six months now. My first post, back in October 2015, showed how DB, then trading above $29/share, was sitting on multi-decade support. The chart was showing warning signs that bad things were on the horizon, particularly if it broke below $25.
Low and behold, price did indeed break below $25 which I noted in my December 11, 2015 post titled Deutsche Bank: Something is Seriously Wrong. I showed again not only how broken the long-term chart was, but how DB had grossly underperformed relative to its financial peers (re-posted here):
Air Horn Time!
Groundhog Day
For the third day running ES is opening up with the weekly pivot at 2050.50 and that will once again be the key battleground level today, supported by the SPX 50 hour MA at 2058.8 effectively being at the same level. On Wednesday bulls had the technical edge and dominated the day, but couldn’t hold the move. Yesterday the bears had the technical edge and dominated the day but rallied back in the last hour to close at the daily middle band on SPX, failing to break this key support level on the daily close and setting the stage for this overnight rally back to the ES weekly pivot.
What Is It?
Is the item below (a) forthcoming market-moving events or (b) Yellen’s Coitus Calendar? Not sure? Well, any answer is OK, because it’s both! At least we don’t have to brace ourselves for any scheduled nonsense for a little while.
