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.
Further to my last post, the following pivot point calculations and charts are provided to illustrate a variety of support and resistance levels for three timeframes, namely daily, weekly and monthly, for the S&P 500 Index (SPX).
For a detailed explanation of pivot points, feel free to check out John Person’s website at this link (the creator of this pivot calculator) and use his calculator for your own purposes. Just input the respective candle’s high, low and close values to the second decimal point and press “submit.”
Generally speaking, it uses the prior day’s, week’s, or month’s high, low and close to calculate the following day’s, week’s, or month’s Pivot Point (PP) and its resistance values above and its support values below. Price action above the PP is considered bullish, and below, it’s bearish.(more…)
Oh. My. God. This is so awesome.
I have spent the weekend beating myself up for not being totally short. I watched with chagrin as the weekend indications showed the Dow dropping 1100 points at the opening bell on Monday. And yet, God bless ’em, the Federal Reserve and its timorous chairman, Jerome Powell, have absolutely panicked. As described over on ZeroHedge, the measures they took include:(more…)
Greetings from Palo Alto. Below are images I just took of the nicest grocery store in one of the richest neighborhoods in the United States.(more…)
First of all, please note for all paying members (including Bronze and Silver) there is a double-header companion piece called Crucial Details which you should watch. It has two important videos for you.
This is a vitally important juncture for the market. Emotions are running very high, and it sounds like a lot of folks are considering stocks to be “on sale”. My point of view couldn’t be plainer: I believe the Fake Bull Market that started March 2009 died on February 20, 2020. We will not exceed those highs for many years to come (unless some form of hyperinflation takes hold, at which point the nominal figures become meaningless).(more…)