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 Zone of Uncertainty

By -

It was a welcome relief to avoid having a tenth, yes, tenth day in a row of the market lurching higher. One day does not a trend make (or break), however, and there’s something more general I wanted to share which is on my mind, particularly as we await the pointless Fed announcement and press conference on Wednesday.

It’s what I’ll call the “zone of uncertainty“, which is the space on the y-axis spanning from Friday’s peak to the peak of the March 25th bounce. I’ve marked it on each chart below in yellow. Give these big indexes a glance………..

(more…)

The Bouncing Stats

By -

Below, courtesy of the Statistics data panel in SlopeCharts, are a series of indicators that represent the percentage of stocks above their own moving averages. To my eyes, this is absolutely screaming “massive dead cat bounce” and not, as the mainstream media would have you believe, “the buying opportunity of your lifetime.”

% of stocks above their own 200-day moving average
(more…)