In my increasingly-humble opinion, the indexes below are getting ready to hammer down:
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.
The Perfect Pair Trade?
Allow me to share just one simple ratio chart. It is the RYT divided by the IEF. That is, the S&P equally-weighted technology fund (RYT) divided by the 7-10 Year Treasury Bond fund.
Interest-Driven Bounce
There’s an argument to be made, even by me, of a hearty bounce in equities, based on nothing more than this one chart:
Rate Reversal
Interest rates have been raging higher for months, and last week, looking at TBT, I figured it was time for an easing. So far, this has worked out, since the rates (as expressed by the ultra-short ETF based on TLT, shown below) had come up so far, and so fast. With rates calming down, the NASDAQ has embraced this and, as of this moment, is up about 250 points in a kind of relief rally.
Princess & The Pea
One of the hottest new stocks last year was Purple Innovation, which makes mattresses. Yes, mattresses. It was at lifetime highs only weeks ago, but the breakdown has started.
