Slope of Hope Blog Posts
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A SlopeCharts user (and PLUS member) has been emailing me about using the Macintosh with the system, wondering if SlopeCharts is Macintosh-friendly. I assumed it was, but I hadn’t tested it.
Well, I gave it the run-through this evening, and it passed with flying colors. Apple, in its wisdom, has never given its users a right-button for its mouse (which I think is idiocy), so you need to use the Ctrl button instead (e.g. Ctrl+mouse click). But except for that one oddity, everything works just great. I wanted to mention this in particular since I was surprised to see how many Mac users we actually have here on Slope.
I’ll start off with something for everyone – – an updated chart of the S&P 500. We are getting within spitting distance of the S&P 500 target. Truth to tell, I’m not quite sure where to place the minimum level of the retracement. If I drag it down to the 1980 low, the target is a tiny bit higher – – 2491.88. Whichever it is, we’re awfully close.
Lifetime equity highs across the board, but devil-may-care, I’m still shorting whatever looks good. A new one I’d like to offer you is below – Dollar Tree (where all bears have to buy their clothes now, given the past eight years):
The improvements are happening to SlopeCharts so quickly, I’m having trouble keeping up.
I already told my PLUS members about the “instant data loading” feature, just added this morning.
And now, for ALL users, I’m delighted to tell you that there’s been a HUGE improvement in precision and granularity. Here’s a quick example……..charts that used to look like this:
The June 18 edition of Notes From the Rabbit Hole has a few less stock charts this week in order to ramp up the macro talk, which appeared periodically through the report; but especially in the Precious Metals and Bonds segments. Excerpted from NFTRH 452…
Bonds & Related Indicators (and more macro discussion)
The target for TLT continues to be around 129. Treasury bonds are in bull trends (remember back a few months ago to all the bond hatred in the media). How does an eventual decline in bonds square with what we just noted above regarding Q4 2008? [work done in the preceding Precious Metals segment] Treasury bonds were a wonderfully bullish asset during Armageddon ’08 and who’s to say that an upside blow off may not be coming sooner rather than later amid massively over bullish sentiment? I mean, there is certainly no stop sign at our 129 target. Sentiment, as we are all too aware, can take a long while to manifest in pricing.