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.

Wireless Earbud Mania Dispelled

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Yesterday’s much-anticipated Apple event had the not-Steve-Jobs replacement Tim Cook rolling out the usual marginal advances in technology, causing a brief uptick in Apple’s stock price. Here’s the thing, though – – – it wasn’t that many years ago that people would line up DAYS in advance just to get the latest and greatest thing from Apple. All these new little features (such as the talked-about-incessantly wireless earbuds) aren’t going to cause anyone to line up anymore. The thrill is gone (even though that weird thing that Tim Cook does with his mouth, present evidently even when he was in high school, has not).

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Overhead Resistance

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SPX, NDX and RUT have been rallying as expected, RUT made a new swing high first on Friday, NDX has made a new all time high today, and SPX has come within a few handles of the ATH retest but no cigar as yet.

I want to talk about the trendline resistance that I’ll be watching over the next two or three weeks during this likely bull window. The daily bollinger bands are so compressed that we could see a break up through these trendlines, or possibly see a break down before the cycle high window opens. The daily bollinger bands average about 3% to 4% between the upper and lower bands on the daily, and anything under 2% is compressed, and anything under 1.5% is very compressed. SPX is now at about 1%, at a degree of compression that has not been seen before in many years, and possibly never seen before at all. This is likely to resolve into a decent expansion, which should be downwards, but could be up. If it is going to be a break upwards then there are two important trendlines to watch.

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