Background information on the SPX:VIX ratio can be found here. Equity volatility will elevate as long as this ratio remains below the 150 level (as of 1:45 pm ET today it has fallen below, once again, as shown on the following Monthly chart).
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.
Harry Boxer’s Charts of the Day
Why Do You Allow Yourself to Be Manipulated?
by Avi Gilburt, ElliottWaveTrader.net
After recently hitting our 5th anniversary at Elliottwavetrader.net, and now exceeding 3000 members, I have learned quite a lot about market participants. For example, the one thing that hurts investors the most is when they lie to themselves or allow others to lie to them.
The problem is that there are so many fallacies accepted as gospel in the financial world that it causes investors to continually be looking the wrong way. And, worse yet, “analysts” without any analytical depth (or ethics) fall back upon these fallacies, which allows them to be inappropriately propagated even further throughout the market.
When I was in 5rd grade, my teacher had a sign hanging at the front of the room which said “put brain in gear before engaging mouth.” I would like to slightly modify this sound advice to fit our purposes in the financial markets: “put brain in gear before engaging pocketbook.”
Montezuma’s Neverending Revenge
Triangle Trendline Tagged
I covered Ameriprise for a nice profit this morning, as it has touched its supporting trendline. I suspect this same trendline will eventually be broken, but I’d rather try to re-load the short at a higher price. (I should note that since I’ve posted this chart, the chart has sunk beneath the trendline, so I’ll probably wish I’d just stay short in perpetuity!)
