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.
Twas The Week Before Christmas
In my last post on Tuesday I was looking at a possible retracement that we then saw play out into a low on Wednesday afternoon.
Ideally Iād have liked to see the retracement go a little lower, at the least until the bear flags on Bitcoin, Solana and Ethereum all made their targets, but as it happened they all broke down but only Solana made the target at the retest of the prior low. That leaves unfinished business below that I expect to be revisited, most likely after next week.
The Santa rally this year has so far been spiky and uncertain, with Tech trailing rather than leading the pack, but for the next week at least the historical stats are impressively bullish.
(more…)Christmas Indexes
Buybacks=$7.5 Trillion
In case there’s any mystery why stocks are so high, here’s just a sliver of the companies self-dealing with their own securities. Apple all by itself has bought over three quarters of a trillion dollars of its own securities back over the past decade.
