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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.
The Emini S&P 500 (ES) is grinding higher off of Friday’s Fischer Low at 2157.50 into the August sideways range between 2190/91 on the high side and 2167/65 on the low — a range that was violated briefly Friday afternoon. Perhaps ES will gravitate up into the 2180 area — the mid-point of the range — where it will circle right into Friday’s Jobs Report?
It’s more than a little puzzling to me that interest rates are dropping, but financials are strengthening – – – of course, in this market, it seems everything is required to go up, logic be damned, so who am I to argue? In any case, the horizontal I’ve highlighted below is Custer’s Land Stand for the important broker/dealer index.