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.

Well That Delivered Faster Than Expected

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Stan and I are doing our free monthly Chart Chat on Sunday at theartofchart.net. We’ll be covering the usual wide range of instruments and you can register for that on our February Free Webinars page.

No futures charts or video this afternoon as I tripped over this morning while trying to find somewhere in an unfamiliar city using Google Maps. My phone smashed and that, needless to say, is my primary authentication device for accessing my futures charts.

Only a temporary setback as I have a very good iPhone/iPad repair place, and I am a favorite customer with a bulk discount due to my household having a lot of apple devices, mainly being used by three rather careless/clumsy kids. I’ll have the iPhone back tomorrow so I’m inclined to interpret this as a sign from above suggesting that I might consider going to bed early tonight. For a fact, I am rather tired so I think I’ll be doing that. (more…)

Equity Volatility is Nearing “Critical Mass”

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I last wrote about the SPX:VIX ratio in my post of January 31.

The SPX continued its plunge (that began on January 30) and closed near its low on Friday (spiking the VIX to a new daily swing high), as noted in this post.

The following monthly chart of the SPX:VIX ratio shows that price closed well below, what was, major support of 200 and is hovering just above the 150 Bull/Bear Line-in-the-Sand or “critical mass.”

Furthermore, the momentum indicator has fallen below the zero level, hinting of further equity weakness to come in the longer term. (more…)