After my epic previous post, I figured I was done for the day, but nope, let’s do one last quickie. Below are six major U.S. stock market indexes. I merely share this to illustrate the importance, and the consistency, of the price gap that was defined last weekend. I have anchored each recent horizontal to the same gap. Let’s just agree that it would help the bears an awful lot if we managed to stay below these gaps.(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.
I’d like to share an anecdote from my personal life which is quite relevant to the world of finance, inflation, and economics. Specifically, I am endeavoring to purchase a house in Durham, North Carolina. I don’t intend to live there (well, hardly ever). It’s an investment property.
Before I dive into my experience, I present to you a trio of charts that SlopeCharts was kind enough to provide. First is the price index in Durham since the late 1970s, which is up hundreds of percent.(more…)
I would like to offer a possibility which I certainly hope is not the case, but I shall put it forward anyway. Here is my so-called MICE chart (which I dubbed, perhaps as a misnomer, Most Important Chart Ever) which is the S&P divided by the prevailing interest rate. I have adjusted the channel to incorporate all the moves in recent years.(more…)
Every single item on my futures watch list is deep in the green today, which is annoying with some important exception: gold. Here we see GLD has mustered past its most recent (albeit small) basing pattern and is chipping away at that Ukraine Peak (which formerly had pushed futures to nearly $2100):(more…)
It’s a pretty “blah” day so far, and I strongly suspect will end as such, so I thought I’d spend the time sharing something I rarely share, which is my positions spreadsheet. It’ll give me something to talk about (click for a more readable version):(more…)