How about just a fun, raunchy bit of humor from good old Norm MacDonald? Or maybe you’d prefer another Elliott Wave article? Yeah, that’s what I thought.
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.
If You Sell in May, Be Prepared to Buy Back
by Avi Gilburt
It seems the action seen this past week has bears scratching their collective heads once again. With many viewing the market as certainly “topping” back in March, the market has doused cold water on those expectations, as I had been strongly warning would likely happen.
Since holding the support we noted several weeks ago at 2330SXPX, the market has seen quite a powerful move back up to the target we set between 2380 and 2410SPX. And, most of the rally was seen on the back of short covering of those who jumped the gun on the bearish side of the market.
Single Digits
As some of you have already read, the volatility index ($VIX) went single-digits on us today, which hasn’t happened for over a decade. Indeed, we’ve been mired in low volatility for a long time, and ULTRA low volatility for over a week now. Here’s the long-term view:
O’Reilly Auto Breakdown
ORLY has dropped about thirty dollars since I did this post last week. I suspect it has much further to go.
