For all four trading days of 2026, the NASDAQ has lurched higher. This morning, the /NQ cut above one of the resistance levels I had laid down.
Unrelenting Rally
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.
Missing the Moment
What a surprise. A “V” bottom just moments after the markets opened. The markets have changed from crashing to all-green. Disgusting!
Closing Winners on a Down Day
How About That?
I truly enjoy writing (said the man unnecessarily who started getting published at age 15 and has written twenty-five books, including a 568-page novel, a full-length screenplay, and 50,000 blog posts). But I gotta tell ya, it’s getting increasingly difficult to write about this so-called “market”. There are only so many things a person can say about lifetime highs. “Wow. Goodness. Gosh, it’s even MORE over-valued! How about that?” It gets old.
In that vein, every single index chart looks identical: that is to say (i) a long ascending trendline anchored to April 7th; (ii) a failure; (iii) nearly daily higher closes, typically representing new lifetime highs; (iv) all the while getting closer and closer to the underside of the broken trendline, which now represents resistance.
CPI (Finally)
As we approach a full month of the government being shut down, we find ourselves living in a data desert. A rare exception came this morning in the form of the Consumer Price Index, which was a little lower than expectations.
