This whole trade war thing is getting pretty cool, isn’t it? Although I’m always paranoid about a bounce (although tweets, it seems, are losing their efficacy for obvious reasons), I wanted to point out some “Hey, this is getting really interesting” levels to you on some major cash indexes. These are key “break points” for support:(more…)
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.
We only introduced OptionDots yesterday, but we’ve already made some important improvements.
- We’ve given you the choice to have just black dots or have color dots to designate in-the-money (green) or out-of-the-money options (red);
- As you mouse over any dot, it shows you the strike price and expiration;
- We’ve also added a new option in Preferences that let you control whether or not the SlopeLinks icons are displayed.
I believe I mentioned 2826, did I not?(more…)
Now that, as I anticipated, we broke 2826, we’ve got a new goal, and a far more important one. Break this horizontal:(more…)
Another pillar of this fake market is giving way.
I wanted to point out an exceptionally important trendline for the emerging markets, shown below via instrument EEM. Notice how this line represent resistance for many years (magenta tints) and then has changed to support (green tints). That’s precisely where we are right now.
A couple of nights ago, in a short post called It’s Quiet, I wrote, ” My spidey-sense is that it’s not going to be this painless. I am frankly stunned and how lackadaisical the market is being about this entire affair, yet as I look at the chart above, I simply don’t think it’s going to hang around at 14 forever with its thumbs in its pockets. Another shoe is bound to drop. “
Although “Spidey Sense” isn’t a widely-known technical indicator (not even in my cherished SlopeCharts), my intuition seems to have been correct. The shame of it is that we can’t behave like this is a normal market where we can do our analysis, get into our positions, set our stops, and move on with our lives. No, instead, we have to constantly be looking behind our backs from moronic amoral criminals like Kudlow and Mnuchin for their next effort to prop up this utter fabrication.(more…)