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 Long View

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“You can’t print your way to prosperity.” I used to believe that, but……….meh………here’s what yet ANOTHER “stimulus” package from Congress did for stocks today:

0124-breakout

A new lifetime high in the NASDAQ as well as the S&P. That’s what a trillion (with a “T”) dollar infrastructure proposal from Congress did. And, after all, it’s easy to conjure up the money; since we’re already $20 trillion in debt, why not pile on another trillion? Hell, that’s only 5% more debt!

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Possible Triangle Break Up Coming Next

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SPX retraced a little deeper than I expected yesterday and I’ve adjusted the support trendline but on the RSI 14 the low was exactly at triangle support and this is a decent looking triangle. The next target within the triangle would be to triangle resistance, currently in the 2276 area. Stan’s looking for a very possible break up there. SPX 60min chart:

170124 SPX 60min

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