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 can’t get too excited about possible market follow-through in any one direction on the S&P 500 Index unless and until price breaks and holds either above 150 or below 100 on the SPX:VIX Daily ratio chart below.
Currently, price is still in what I call the “Major Conflict Zone.” Yes, I realize it’s a huge range, but that’s the way 2015 has gone. In my opinion, I think 2016 will see greater volatility and much larger swings than we’ve seen this year…hang onto your (Santa) hats, folks!
At 7:45 am ET on Thursday, December 3rd, markets will know what the ECB will do with its interest rates until its next meeting in 2016. Mario Draghi will give a press conference at 8:30 am ET to explain the details.
Based on the Year-to-Date graph below, which shows how Europe’s Major Indices have fared compared with U.S. Major Indices in 2015, I’d wonder why the ECB would think that it has to pour on more QE stimulus, as many media pundits are predicting…we’ll see what happens.
Further to my post of November 17th, a bounce next (at the 40 MA…3433) and sustained rally to new highs, thereafter, is critical for China’s Shanghai Index.
Otherwise, a break and hold below the 40 MA will signal that the bearish scenario (that I outlined in the above post) is imminent, in my opinion…all three indicators on the Daily chart below of SSEC now display “SELL” signals.
Some things never change…I wonder if they ever will? Case in point, my post of November 7th, 2012…still seems relevant today, except the U.S. National Debt has now reached $18.6 Trillion and there are even deeper differences, not only between Democrats and Republicans, but also within these parties (on issues such as the refugee crisis, as one example).
I repeat:
“The war between its own political parties is a greater threat to America
than any threat from its enemies.”
I’ve stopped hoping and am simply waiting to see action now…but am not holding my breath on this…perhaps the next generation will figure things out if ours isn’t smart enough to do so…some legacy, eh?
You can see my original post of July 8th and four subsequent updates covering China’s Shanghai Index here for background information.
In my last update of September 8th, I noted that a bearish moving average Death Cross had formed on the Daily chart and price closed at 3170.45. Since that date, price moved sideways for over a month before it, finally, rallied to where it closed today (Tuesday) at 3604.80.
