Although not the kind most like to see:
Another Bullish Breakout
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.
Topping Trendlines
I was saying in my last post on Monday that a retest of the high looked likely and we saw new all time highs on both SPX and NDX as expected. So what now?
Well the best pattern on the board on Monday was the rising wedge on the Dow, and that is still looking pretty good. A daily RSI 5 sell signal has fixed there already of course, as one has on SPX as well.
INDU 60min chart:
Free Money!
Amazing what digital printing presses are capable of doing, even with the real economy in shambles.
A Little Bit
I was intrigued by this headline:
In it the analyst states, “The market is overbought and the market is probably a little bit overvalued quite frankly“.
Err, yeah, “quite frankly” I’m inclined to agree. Although I’m not as sure about the “little bit” part. Like, what? One percent? Two?
Witness this madness:
(more…)Golden U-Turn
In my prior post, I noted about gold “My view is that the ascent is going to slow down, stop, and reverse in short order“. I didn’t necessarily think “short order” meant “instantly”, but, so far, so good……….
