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.
After the low last week very decent quality IHS patterns formed on SPX, NDX, IWM and Dow and broke up this week. They all failed, setting up targets at the retest of last week’s lows, which would generally all be reached, so the fact that only Dow has delivered that retest so far tells us that there may well be unfinished business below.
The question here is whether the impressive collection of bull flags that have formed from the all time highs on many indices and stocks are going to deliver, and equities are still in the inflection point where that decision is being made.(more…)
You Mean Old Bear!
Over the past week, there has been a sea-change in the psychology of bulls out there.
Although we’ve been in a bear market for a solid six months now, they have been quite, shall we say, understanding about the whole situation. They haven’t been upset. They haven’t been angry. They figure it’s just a “correction” and, as always, things will recovery. So bears like me are harmless nuisances, to be pitied more than feared.
But as someone with about 22,500 followers on Twitter, I’ve got a pretty good feel for the hive mind out there, and the entire tone has changed, and changed quite suddenly.(more…)
Celebrating 8 Down Weeks in a Row
Deere in Headlights
Well, I saw this coming (you could see it from a million miles away), but it was too annoyingly strong for me to do anything about it. But Deere is getting blown to smithereens, in a series of harsh gaps lower.(more…)