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.

More on Reverse Repo

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Preface from Tim: Yesterday, I posted an image of the insane move higher at the reverse repo market had made, and Lee Adler was kind enough to write me an email, which I am sharing below with his permission. If you like this kind of information, you might want to look at Lee’s site to see his offerings.

Your post on RRP is in my wheelhouse. So I wanted to share these thoughts with you.

Here’s my updated chart of the Fed’s RRP slush fund, which I cover regularly at Liquidity Trader. I’ve attached the latest update (from this post). The next scheduled T-bill paydown is for $30 billion on September 7. That will bring the net paydowns of T-bills since February 23 to $993 billion and total gross bill paydowns to $1.03 trillion.

Treasury
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Rising Wedges And Mean Reversions

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I was looking at the tests of the main resistance trendlines on SPX and ES on Monday, and at the possibility that SPX might turn down there. Instead it broke through, dragged upward by tech stocks, and the very nice daily RSI 5 divergence on both SPX and NDX was lost.

On both SPX and ES, price is now slightly above the main resistance trendlines in what may be a bearish overthrow.

SPX daily chart:

SPX Daily
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