…..That Contracting GDP is Biden’s Fault
Trump is not all wrong about who is at fault for contracting GDP, but he’s plenty wrong too
Where do we start?
(more…)Unwrapping Trump’s Claims
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.
Mayday
In a post on 17th April I posted some 15min charts with arrows showing an ideal path to forming bear flag wedges on SPX, QQQ and DIA. I added one for IWM in the post after that. I’ve updated these since but left the original arrows where I first drew them for reference on the last four charts today so you can see I wasn’t that far off so far.
In my last post on Tuesday I was saying that ideally we would see a modest decline (by recent standards) to play out some negative divergence on SPX, QQQ, ES and NQ and we saw that yesterday morning with all the hourly and 15min sell signals I mentioned in that post reaching target. After that I was looking for another and probably last leg up within those bear flags and since then we have seen new rally highs on all four.
(more…)Another Day, Another $62
Amazon and Apple Results
I have a meeting in the city of Saint Francis, so I’ll make this quick (and this is before the conference calls, please note). Apple and Amazon have, for the moment, disappointed the bulls by delivering results with absolutely no resemblance to META/MSFT yesterday:
From M&M to A&A
Yesterday after the close, MSFT and META were on deck, and their dual killer results lurched the market higher. Today, all eyes are going to be on AMZN and AAPL instead. Historically, AMZN is quite punctual with its results, whereas Apple goes full prima donna and waits half an hour until they deign to tell us how many models of the iPhone 69 have sold (the one with 57 lenses on the back). Here are key resistance levels for each:
