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 January Barometer & Other Stats

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In my post on Monday 13th January I was looking at the four bull flag setups on SPX, QQQ, DIA and IWM, and the possibility that the bull flags would break up into retests of the all time highs across all four of those. SPX and DIA have made their new all time highs now, QQQ is getting close and I have some doubts about whether IWM will make it. I’ll review those today but first some historical stats.

The January Barometer is triggered when January closes down, and will often deliver a down year, but unless we see a truly impressive decline today that is now irrelevant for this year.

The second statistic I’ve been looking at today is the record of stock markets in the year after a presidential election. Of the last 21 of those going back to Roosevelt in 1941, eight delivered a down year, making this overall weakly bullish.

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