Slope of Hope Blog Posts
This is the heart and soul of the web site. Here we have literally tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. You can also click on any category icon to see posts tagged with that particular category.
As can be shown on the following Year-to-date percentage gained/lost graphs, U.S. Major Indices and Sectors extended their gains into Friday’s close, except for Utilities and Consumer Staples.
However, they did so on rising volatility, as shown on the following SPX:VIX Daily ratio chart. (more…)
“The most massive financial crisis since the Great Depression.” How many times did we hear that? A savage mauling of worldwide markets, meant to humble and teach us. Uh-huh. Keep it in context, folks. Take a good, hard look at the entirety – – the whole thing – – of the global financial crisis. Use a magnifying glass if you must. Puny, isn’t it? Once the pumpers were let back in the door, it got smaller and smaller………and, I assure you, the world didn’t learn a thing.
I hope everyone is looking forward to the holiday weekend. I know I am, and I am planning to celebrate on Monday by moving a particularly large wardrobe from my daughter’s bedroom, and replacing it with a rather nice antique desk. Life can get pretty wild at Jack’s house. 🙂
I was talking about rising wedge resistance on ES yesterday and that trendline has been reached and overthrown today. NQ has reached a decent quality rising wedge resistance trendline as well and TF may have topped out already. We may well see a reversal here, though whether it lasts more than the usual day or two is another matter. Personally I’ll be regarding equity indices as possibly being in a two way market again only after we see a 5% pullback, and I’m aware that could take a while longer. (more…)
This is a “just for fun” anecdote. During my travels, I decided on a whim to see the big zoo in Vienna. Their big draw these days are their pandas, because the big mama panda just had two cubs. They were all sleeping, but I got within just a few inches of the mom:
Beautiful head and shoulders……..
Look no farther than the performance (even in this ridiculous market) of GoPro…….