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.

Weekly Charts – Pre-Fed Day

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Hello Slopers,

This is a late post since due to a short summer hiatus (and it won’t be the only time this summer either).  But I wanted to get these charts out before Bernanke speaks today (assuming Tim gets it posted before then).  Why?  Do I think they might help predict what is coming?  Not a chance.  No technical indicator can do that.  In a spastic world where one guy says something and the market goes down and then he says something slightly different and the market goes up – well, forget predicting anything! Indeed, even if you could predict what someone was going to say, you would then have to make a secondary prediction about how the market would react. Suffice it to say that someone else’s words are completely out of your control. (more…)

Bernanke Bear Retraced

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If you think way, way back to a few weeks ago, you will recall that once the “taper cat” was let out of the bag, the market fell hard, and it fell quickly. Markets tend to fall much faster than they rise, so all the excitement was really over in just a couple of days, and its taken the past couple of weeks (with the bulls laughing and taunting with every uptick) to retrace the drop. (more…)

A Moving Post To Move By

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As many of you know I’m in the process of moving to my new residence. With all the wonders that entails (yes, sarcasm is present there) I thought a post I wrote earlier this year would be fitting for it garnered a lot of attention with so many lining up to tell me I should just “Move on! Well, I have. It also seems – so has the Fed. Although quite possibly breaking the “lease” everyone thought was iron clad. Moving words, moving statements, moving markets. One has to wonder:  “What’s the next move? Or, better yet: ” Whose move is it?” – Mark St. Cyr (more…)

Unicorn Deathmatch

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I posted a chart of the daily SPX vs NYMO since 2006 on twitter last night and I’ll lead with that this morning. The charts show 22 hits or very near misses of -100 on NYMO and below since the start of 2006, of which 10 showed marked positive divergence at the low. All of these lows with markedly positive NYMO divergence delivered strong bounces, and the last three of those divergences were seen at the main lows on 2010, 2011 and 2012. This is therefore a strong signal that this retracement low is in, and significant further downside on SPX without a rally that at least reached 0 on the NYMO indicator beforehand would be a rarity that has not been seen since the start of 2006 at the least. SPX vs NYMO daily chart: (more…)