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 opening setup today on both SPX and NDX is close to ideal if we are going to see the swing high that Stan and I are expecting to see here. If that’s going to happen, the odds are decent that it will happen at marginal new highs on SPX and NDX today.
On SPX there is now a nicely formed RSI 5 / NYMO sell signal brewing. That will need some downside to fix the signal but I’m expecting that signal to take SPX on the first leg down on this expected multi-month retracement into the summer. SPX daily chart:
If there’s one sector that’s been consistently generous to investors over the past eight years, it’s semiconductors. One glance at the ETF for this sector is all it takes (and, appropriately enough, the ticker is the same as the Internet term for Shaking My Head……….as in astonishment):