Kind of surprising, considering what interest rates are doing, but………..(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.
What If … We See SPX Retest 3800
Everything is in the groove from my post yesterday. NDX and ESTX50 made new all time highs yesterday. SPX and Dow made new all time highs today, RUT retested the August high today, making the second high of a possible double top. Only DAX looks slightly short of a new all time high but that may well be made too on Monday.
I had a look at all of these in my premarket video at theartofchart.net this morning and posted that on my twitter. If you missed that and would like to see it, you can see that here.
Obviously there is a chance that everything breaks up further here, so I’m carefully watching the well established resistance trendlines on SPX and NDX. The SPX wedge resistance trendline is currently in the 4450-5 area.
SPX 60min chart:(more…)
Observe here the dominant currencies of the world, and speculate if, and when, the US dollar will lose the one thing which allows it to get away with murder every day: its reserve currency status.
The Virtue of Patience
Sheesh. This is embarrassing.
Late last Friday, I did a premium post called I’m Going Back! in which I declared that there were three cryptos I really liked, and I was going to put an even amount in each of them (I put in $5,000 each, for $15k total). The coins were $ALGO, $ATOM, and $ENJ. It hasn’t even been a full 7 days yet, and all THREE are profitable, one of them nicely so (click image for better readability). Here is CryptoStream:
Well, prancing, hair-dressing, effete, antique-shopper that I am, I got spooked by some weakness and got out. So, yeah, I managed to take a small loss instead of enjoying the profits shown above. Proving yet again I am a vastly better chartist than trader. It’s a real shame, because I think these three coins look better than ever now!(more…)