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.
If currency markets continue to experience high volatility with a strengthening US dollar, I think equity markets, including North American markets, will follow suit.
So, I’ll keep a close eye on those as potential canaries in the coal mine; e.g., to see whether the spread continues to widen (downward) between the SPX and the Pound:USD Forex pair, as shown on the Year-to-Date comparison chart below (the Pound lost 8.75% last Thursday and Friday).
An S&P 500 heatmap from Friday shows the extent of the Red Sea inspired from across The Pond. However… money flowed into one stock that actually hit new highs. These are great days to isolate equities with concentrated capital chasing alpha.
What better way to celebrate new found volatility than to offset bearish blog bias with bullish resistance ???
Check it out:
The MO MO Trade
For nearly 2 years, waiting for pullbacks, loading, then unloading on measured move highs has been a nice strategy for Altria. Lather, rinse, repeat. Of course, this doesn’t have to last forever, but as long as the higher highs > higher lows trend continues, we’ll stick with it. (more…)