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.

An Update on Commodities

By -

In NFTRH 447 we used individual daily charts for the CRB index and various individual commodity items. This was in order to better view details of the bearish (but bouncing, as expected) state of the complex. Below are some of the more general daily charts we usually review (along with weekly charts) each week in NFTRH.

CRB and crude oil look bearish, NatGas is stable to constructive, copper is bearish as it consolidates the big bump, Agri is neutral/non-starter and the Uranium holder is bearish, exactly as we expected the fallout from the previous pump job to be.

crb

(more…)

Be Here Now

By -

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:

170516 SPX Daily

(more…)