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.
Here’s Another Important Gap
Well, I’ll shut up about the oil gap and turn my attention to something even more important: bonds. Treasury bonds have been roaring higher all week, and that’s not great for me, because my entire options portfolio is oriented toward stronger interest rates. (IYR, TLT, XLU). Relief may be at hand, however. The gap at 120.28 is powerful, and my view is that within a month from now, we’ll have pushed below even the lows we saw earlier in May.
Thanks, Mister Gap!
My “Close Enough” post from just three days ago declared the rise in crude oil to be over, based (rather flimsily) on the successful assault against the gap at 73.25:
Geopolitical Influences on World Markets
The following year-to-date graphs of the U.S. Major Indices and Major Sectors show that market participants have favoured riskier technology, small-cap, and consumer cyclical stocks.
They Never Dropped the Ball
Well, the past couple of weeks all by themselves have played havoc with bulls and bears alike. Big drops and big recoveries have taken place back to back, and as I am typing this on Thursday evening, the ‘on again/off again’ Korea Peace Lovefest is back “on.” Over a span of two weeks, the market has been absolutely trapped inside a relatively tiny 35 point range.
In all this crazy madness, the bulls have never dropped the ball. Indeed, as we approach the end of the fifth month of this year, it seems quite clear the bulls remain absolutely and fully in control. Observe the Dow Composite and how the moving averages have been silky smooth without a single crossover. (more…)
