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.

Will U.S. Markets Rally Or Tank Into Year End?

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Just a few words describe U.S. market action, so far, this year, as depicted on the following monthly, weekly and daily charts of the SPX (N.B. the ‘input value’ for both the momentum and rate-of-change indicators is shown as ‘one’ and in histogram format to emphasize the following)…

  • indecisive
  • increased expansion/contraction (fluctuation) of volatility (compared with 2016 and 2017)
  • lack of convincing directional follow-through on a weekly and daily basis
  • in other words, profits have been taken, but there is a hesitation to commit to a larger-scale sell-off

While the the weekly and monthly uptrends have not yet been broken, the weekly action has been lacklustre/non-committal, and the daily uptrend has been badly damaged. (more…)