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 Great Debate

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This upcoming Monday, September 26th, will be the first (of three) presidential debate. I have been looking forward to this day for literally months. It’s not too soon to get the popcorn popping, the soft drinks chilling, and the air horns waiting.

I have written about this astonishing election off and on during the course of the year. Like most of the country, I am not a fan of either candidate. It seems to me most of the interest in either candidate is simply based on despising the other one. My view is this: if Hillary Clinton is elected, it will be for a similar reason for Obama winning the Nobel Peace Prize. He did it by not being George Bush, and she’ll do it by not being Donald Trump.

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The Day That Wasn’t There

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Ummm, so yeah, Slopers, I have pretty much nothing to say about the market that I didn’t already say in my posts this weekend, and here’s why:

0919-spx

So with a market this stuck-in-the-muck, frozen with fear (or excitement) about the blinkered, idiotic Central Bankers that dominate 48 hours (late Tuesday through early Wednesday), this is pretty much just a waiting game and a big waste of time.

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Three Day Rule – Day Three

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All charts and video today done last night or this morning for subscribers at theartofchart.net.

SPX spent much of Friday under the 5dma, but rallied to close on it, so the three day rule was not triggered. Bears have a second and last chance today to close more than two handles below the 5dma, currently at 2138.10. If they can then the rule states that we see a retest of the current retracement low at 2119 and likely go lower. If they can’t then the retracement low may well already be in and SPX likely rallies into the high window that opens on Thursday 23rd September, ideally retesting the current all time high or going a bit higher into the 2210 target that Stan and I are looking at. SPX daily 5dma chart:

160918 SPX Daily 5dma

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