Slope of Hope Blog Posts

This is the heart and soul of the web site. Here we have literally tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. You can also click on any category icon to see posts tagged with that particular category.

Nasdaq 100 vs. Volatility: Be Wary of a Blow-off Drop

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While the Nasdaq 100 Index (NDX) is busy making new all-time highs, so is the NDX:VXN ratio (VXN is the Nasdaq 100 Volatility Index), as shown on the following two Monthly charts.

What is different about these two, is that the NDX:VXN ratio has run up against major resistance (the top of its long-term uptrending channel, while the NDX has a long way to go before it does the same.

With reference to the ratio chart, a drop and hold below the 460 level (127.2% external Fibonacci retracement level) could forecast a drop down to, potentially, major support at 380 (100% Fib retracement level plus bottom of long-term channel) on this chart, or lower.

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Don’t Know Shiloh from Shinola

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Here’s a special post for any Californians out there who wonder where their tax dollars are going. Some of you may have heard about this freak, who was convicted of vicious, murderous crimes and yet successfully demanded the state provide him expensive gender reassignment surgery, otherwise he might kill himself from depression.

So, in a sensible world, a razor blade would have been quietly provided and the officials could wait until their ongoing expense had addressed itself. Instead, the state fell all over itself to get the surgery that this weirdo so obviously deserved. Of course, the description of this person’s crimes depends on the source. If you read a heavily left-leaning publication, you get this: (more…)