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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.
Kicked in the Golf Balls
The entirety of my relationship with golf is the fact that I’ve watched Caddyshack a couple of times. That’s it. I otherwise consider the entire enterprise to be an absurd waste of time and land. I stumbled upon this video today, which told me something I didn’t know, which is that all those Top Golf monstrosities I see are a crumbling business.
Still Some Decent Looking Topping Patterns Here
In my post on Monday 6th October I was looking at the negative divergences on SPX and QQQ, with daily RSI 14 and RSI 5 sell signals brewing on both of those. All of those daily sell signals fixed last Friday, with both RSI sell signals also reaching target on Friday. There are now daily RSI 14 sell signals fixed on all of SPX, QQQ, DIA and (weaker signal) IWM. This is suggesting a larger retracement soon to reach those targets.
I was also saying then that until we saw some strong breaks below the daily middle bands on US indices they remained in a strong uptrend from the April low. On Friday they all broke hard below their daily middle bands. Since then SPX and DIA have backtested the daily middle bands but failed to break above, and QQQ and IWM have broken back above but are currently back below at the time of writing. Unless that changes that larger retracement may already be in progress.
(more…)Take ‘Em, Texas!
Below is an illustration of the projected population change in various states. Far and away the biggest winners, if you want to think of it that way, are Texas and Florida. Congrats, you two! The more humans YOU take means the fewer I have to deal with. Although the state that’s evidently dying – Illinois – isn’t too appealing as a destination to me. I think I’ll just stay put.
Never the Twain Shall Meet Bar
Two things of note in this clandestine video that was taken during my secret trip to Beijing: (a) I enjoy saying the first portion of any sentence my compatriots are about to say (b) I still haven’t quite mastered the use of a glass, which is why I keep mine empty.
