And at the bottom, naturally, is Mississippi.
D.C. on Top Again!
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.
Who Can TRADE This Junk?
I mean, Good Lord, just look at the /NQ for the first few hours today on the heels of a VERY hot inflation report! What sort of madness is this?
Alabama Gamma
I was looking at a table over on ZH that showed 25 stocks they proposed would be violently “squeezed” higher. I hand-typed in the symbols and looked at all the charts, and I’ve got to say, most of them look like shorts (but maybe that’s just me wearing my bear goggles). Some of them are plausibly bullish, however, so here ya go:
Watching The Wedges
In my post on Tuesday 5th August I was looking at the modest breaks back over the daily middle bands on SPX and QQQ on the previous day and noting that conversion of those to support would open possible all time high retests, and hard fails there would strongly support the H&S patterns forming on both.
In my post on Thursday 7th August I was saying the same about the second breaks on SPX and QQQ above those daily middle bands on Wednesday and looking at the three strong resistance trendlines on SPX, QQQ and DIA in the event that SPX and QQQ delivered those all time high retests.
In my last post yesterday I was updating the situation with the trendline resistance levels on US indices and noting a short term inflection point as we waited to see whether DIA would confirm the break back over the daily middle band on Tuesday. That has now resolved into a strong break higher on DIA.
(more…)PP Ay-Yi-Yi
On rare occasions, I’ll actually think of something smart and insightful to say, and I stumbled upon one of those instances during my tastylive broadcast. In mentioning that the PPI numbers would be out soon, I off-handedly remarked that even though the CPI numbers showed no inflation, perhaps the PPI numbers would come in hot since they are further up on the supply chain and might be affected by the tariffs first. It was just a throwaway line, but lo and behold, the numbers just came out and the PPI is almost FIVE TIMES the anticipated value. How’s 10.8% inflation sound, everybody?
