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.
Just about the only time I see a large number of magazines at once is when I’m going through an airport, such as last night. I often find the strangest part of the magazine section to be the women’s magazines, since they seem a peculiar combination of righteous indignation and breast-display. These two magazines were next to one another, and the juxtaposition of message was particularly striking:
It seems that Allure featured a self-congratulatory “call to the industry” to stop obsessing over youth. Don’t hold your breath, people. Nothing’s going to change.
After a memorably boring four day range consolidation Tuesday through Friday last week, SPX finally broke up and tagged 2500 at the close on Friday. This should follow through to the upside, short term at least, and I have some targets to watch, and a warning that this move over 2500 may well not last the week.
On SPX the obvious trendline target is rising wedge resistance, currently in the 2514 area, and a strong match with rising wedge resistance on the ES chart. On the daily chart (not shown below), there is a possible RSI 5 / NYMO sell signal brewing, but the negative divergence is slight and might well be lost on a green close today or tomorrow. SPX 60min chart: