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.
I have a question for Elon Musk (of course it’s silly, but a little levity never hurts). Where’s the next charging station located for his space-bound Tesla Roadster? ?
The following news clip and videos from TheGuardian.com describe yesterday’s spectacular space launch… (more…)
Looking back at a longer-term monthly view of the S&P 500 Index (SPX) compared with GOLD (GC) (blue bars) and WTIC Crude Oil (CL) (pink bars), we saw a broad correlation among these regarding rallies and pullbacks…until 2011 when the bounce in GC and CL stalled and, ultimately, sank in mid-2014, especially CL when it plunged to (just below) post-financial crisis levels in January of 2016.
As I write this post at 11:50am ET on Friday, we see that, while the SPX is just below all-time highs, GC faces major resistance at 1350, and CL is swirling around 65.00 (major resistance/support). (more…)
Another U.S. government shutdown looms this week on February 9th.
Will it…won’t it? That’s the $64,000 question as more volatility is in store for markets.
Given the fact that there are great political divides over a variety of policies, increased volatility in the markets, and, now, the information that’s being revealed that may determine whether or not civil and/or constitutional rights were violated in the months leading up to and after the 2016 presidential election (and any political and/or legal fallout that may occur), will only add to the increased odds of chaos ahead, making future events less predictable. (more…)
On January 23 of this year two new 3x leveraged ETNs were launched, comprised of FB, AMZN, AAPL, NFLX, GOOGL, BABA, BIDU, NVDA, TSLA & TWTR, and their descriptions are as follows…
They are both highly risky investments and are very thinly traded.
Just a quick heads-up to mention that major support for the SPX sits between 2525 and 2485, as shown on the following daily and monthly charts.
There is a convergence of the 200-day moving average with two trendlines at 2525 on the daily chart, and, more importantly, a convergence of two external Fibonacci retracement levels with the +1 standard deviation level of a long-term uptrending regression channel at 2485 on the monthly chart.
If we see a major sell-off in equities, we may see price, ultimately, fall to somewhere around 2500 (a 10% drop from Friday’s close) before it stabilizes. Keep an eye on the FAANGs +5, as I more fully outlined here, as well as the 10YRT, as I described here and here. Further weakness in the FAANGs + 5, together with continued rising rates in the 10YRT, could very well propel such a drop in the SPX to that level, or lower. (more…)
