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.

The End of the Tour

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The quarter ends today (at least as far as equities go). As of this writing, it’s a fairly red screen. Looking at the ES below, we can see the first Rally For No Good Reason (RED arrow) took place after the Fed announced an interest rate increase and signaled they would no longer being “accommodative”. With an entire planet choking out debt, Lord knows the best thing for it is to keep cranking up rates, thus, the rally.

Anyway, that completely to pieces and found support at 2900. And then yesterday, there was even larger Rally For Not Good Reason (GREEN) arrow, and I can’t even think of what would have caused this. Tearful testimony about events from 1982 surely couldn’t have been this inspiring to equity bulls (actually, given their mental issues, perhaps it was). That, too, has fallen to pieces, and we yet again fond support at 2900. What I’m hinting at here is that 2900 is important.