It looks like this third attempt by Republicans to repeal and replace Obamacare has failed…and that it will be a dead issue once September has 30th has passed.
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.
Ribbons of Complacency
One of my favorite studies is one that isn’t seen much, and it’s called a ribbon study. It’s the application of a large quantity of moving averages (sixteen, I think) that are relatively close in periodicity, thus forming a ribbon-like structure around price that twists and turns. It tends to get denser (and darker) at inflection points (or at least points of inactivity).
I applied it to the VIX, as shown below, hiding the price data itself and showing only the study. I’m not going to pretend any great insight leapt out of this chart, but maybe it will for you. If nothing else, it’s real purty.
A Volatile 2017 Q4 Awaits US Equities
Further to my post of September 25 (regarding GOP legislation failures), watch for an increase in volatility and a potential rotation out of equities (SPX) and into commodities (GOLD and OIL) and currencies (US Dollar) for Q4 of 2017.
With respect to volatility, watch for a potential “SELL” signal to form on the RSI, MACD and PMO technical indicators, as price whipsaws in between major resistance at 250 and major support at 200, as shown on the following SPX:VIX ratio chart.
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SPX:VIX Daily Ratio chart |
Pension Alto, California
The city where I live, Palo Alto, is not very big. The population is about 50,000 people. I was therefore more than a little surprised to see this on the front page of our little daily newspaper:
So let me get this straight………in a town with 50,000 people, there is approaching half a billion dollars in unfunded pension liabilities? That comes to over $8,000 for every man, woman, child, and blogger in this town. (more…)
Oh Say Can You See………
Since the nation is yammering about patriotism, I thought I’d share the above. Oh, and I’m told Cruz is doing some weird secret Masonic signal, so there ya go.
