This is basically how I’ve been feeling about the market for the past six trading days:
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 Roads Less Travelled
It has been a really interesting year on the markets so far for me but the winds are changing and I want to review where I think the equity markets stand and where we may see them go from here.
I was saying in a post back on December 2nd that 2025 might well be the most interesting year on the markets in a long time, and that has definitely turned out to be the case. I’ve had an amazing run this year which can’t and won’t last forever but has been a lot of fun.
In a post on 22nd January I was looking at possible new all time highs to set up big topping patterns on SPX, QQQ, DIA & IWM. On 10th February I was looking at getting those new all time highs on SPX, QQQ and DIA in the next few days. On 19th February, the day SPX made the current all time high, I showed the high quality double top targets on SPX, QQQ and DIA, and the lower quality H&S pattern on IWM. All of those patterns subsequently broke down and reached target.
(more…)Humans/Money Mismatch
This succinctly illustrates how humans are spread amongst the continents (left side) and, alternately, economic wealth (right side). Quite the contrast between the U.S. and Africa.
Abject Failure
No, this isn’t some weird self-deprecating post. I’ve assigned that role to Treasure Hunter in the comments section. I simply want to point out what a fundamentally broken market the Dow 30 is now, having slashed its trendline and persistently traded below it ever since such a slashing.
Sealing the Deal
Below are three major cash indexes which have sealed, or very close to sealed, major price gaps. In addition to this, they are very close to major Fibonacci Retracement Levels. All of which is to say, if there is a merciful God above, this ridiculous counter-trend rally should be at an end.
