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.

These ‘Facts’ About The Market Will Continue To Get You Whipsawed

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I have been getting such a chuckle from the market of late.

As the market made its way down to our 2600 target region towards the end of October, more and more market participants and analysts became more and more bearish. In fact, the bearishness was palpable as we approached 2600SPX.

However, our analysis suggested that the market should bottom in the 2600SPX region, and begin a corrective rally, which then topped at 2815SPX.

But, the day after the market began a strong rally off the 2603SPX level, many were quite fearful that Oct. 31 would provide us with a market crash. You see, that was the day that a quantitative tightening was scheduled by the Federal Reserve.

Yet, that day provided us with a 50-point rally. Yes, you heard me right. And, again, market participants and analysts were looking the wrong way in a big way due to their fundamental beliefs about what drives the stock market.

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