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.
Retail Breaking Down
And I suspect Amazon’s big after-hours drop won’t help matters on Friday.
Strange Rumblings
I’ve been having a very intense week and it’s been a struggle to get everything done. I’m hoping to get back to my normal routine tomorrow.
I was saying on Tuesday morning that the key support level to watch was rising wedge support on RUT, and very interesting things have been happening there. The rising wedge has broken down and then the double top on RUT has also broken down. The target is in the right area for a 38.2% fib retrace of the rising wedge and RUT is a very technical instrument. This may well make target and in that case the bears are still in the game here, and we should see at least some downside on SPX while this is playing out on RUT. RUT daily chart:
Two Years Going Nowhere
Does the market seem boring to you? Stuck? Trapped? Ya know, there may be a good reason for that. Here’s the two year change for the Dow Jones Composite………….ZERO.
Real Estate Bears Rock It
Like I said just last week……….
