Well, they finally did it. On an adjusted basis (that is, adjusted for dividends, which I think is the only proper way to do it), the SPY has broken out to a lifetime high.(more…)
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.
Another morning, another sea of green. The NASDAQ in particular looks virtually guaranteed to make a lifetime high today. Who could have imagined such a thing just four months ago.(more…)
To expound upon my “bullet entering the brain” post from last night, let’s just go whole hog. Let us assume:
- The federal government has now perfected utter control of equities;
- They have absolutely no reason to ever let them decrease;
- It will be months, years, or decades, before they lose control.
Having embraced those chilling assumptions, here are the measured moves for the cash indexes shown, represented in both point and percentage terms. These measured moves are based on the inverted head and shoulders pattern, all of which are complete except for the Russell 2000. Please note that the percentage gains are measured from the neckline, not from present price levels.(more…)
Well, they did it. 2900, on the fifth try, has been curb-stomped. You can even see the little pause at 2900 before the ES rocketed.(more…)
I’ve got to say, I’m getting awfully tired of this crap.(more…)
One look at the chart from December 26th to present tells the story. Up, up, up, day after day. In all these months, there were two – – count ’em, two – – decent down days. Besides that, it’s been a ceaseless bullgasm.(more…)
Well, that sucked.
Along with being Slope’s founder and owner, I’m also the proud and solo individual who actually admits to any losing trades. And today stunk. I still held on to some of Wednesday’s profits, but Jesus H. Christ, man, I was NOT expecting this.
Looking at the Powell belly-flop yesterday (see emphasis below), I seriously thought we were done with the 40-point range I keep talking about.(more…)