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.
Written by Elliott Wave Trader:For those that have followed the long-term bond market, you have likely seen many analysts attempting to call the top to the market. And, many have even tried multiple times. However, through the years, bonds continued to chug higher and high.
On June 27th, 2016, we sent out a major alert to our members at Elliottwavetrader.net entitled “Beware of Bonds Blowing Up.” Yes, we took our turn in attempting to call a top to the bond market. But, a little over a week later, the bond market struck its highs. Since that time, TLT has dropped almost 20%.
Since Xenia Taoubina began providing her bond analysis to our members at Elliottwavetrader.net two years ago, her view has been that TLT was going to strike a significant high in 2016, and set up a large decline off that high. That’s exactly what we saw, followed by a nearly two year long decline in the price of bonds (rise in yields). (more…)
What a strange week we just finished. Pretty much all the excitement was experienced on Tuesday (I don’t even remember what caused the plunge……..not that it matters), and then we had the NASDAQ-earnings-are-great rally starting on Wednesday. All in all, the week was kind of a wash, and you can see with the DIA below how the CCI is just kind of meandering at the midline.
It was almost a year ago that I got an email from a local developer who pointed out a variety of important ways Slope could be improved. Since then, particularly over the past few months, my team and I have been hard at work on the new Slope.
If all goes as planned, this Friday, May 4, we’ll shut down the old system and start up the new. I am deliberating doing this after the close on Friday, just in case we have some snags (or a complete disaster). I wanted to warn you well in advance that if things look totally different (best case) or if you get a 404 Page Not Found error (worst case), it’s because of what we’re doing. Remember the day!
Like a tightly-coiled spring, Major US Indices and Sectors remain trapped in tight consolidation zones, so far, this year, as shown on the following daily charts.
What’s remarkable is that the swings on their rate-of-change indicators (with an input value of 1 day) have been getting smaller and smaller…hinting that markets may explode in one direction or the other at some point.
As yet, the catalyst to drive such a move remains a mystery. Perhaps more will be revealed next Wednesday (May 2) when the Fed’s interest rate decision is announced, along with any new forward-guidance revelations. (more…)