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.

Bully Boys

By -

I spent Friday evening thumbing through the index charts, and I’m afraid I will offer the same overall conclusion I had a couple of weeks ago: specifically, that the markets were poised to blast off. Mercifully for the one or two bears left on the planet, the last time I speculated about this possibility, Turkey, and then China, shook things up. However, this brief resurgence of trade war fears was swiftly abated, and most index stand, once again, at the doorstep of yet another big push higher.

Looking first at the Major Market Index, it has the same characteristics as everything else I am seeing: (a) higher lows; (b) selloffs that are increasingly shallow; (c) a well-formed base. This index is a bit different than most since it is so much lower than its own lifetime highs, but the base is potent nonetheless.

majormarket (more…)