Roughly shown from weaker to stronger……….and, as always, click on any chart for a huge version.(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.
China’s Shanghai Index (SSEC) heats up in anticipation of the signing of the new U.S./China Phase I Trade Deal, expected on January 15, 2020.
The monthly chart of the SSEC shows price has just broken above a downtrend line that began at the highs of June 2015.(more…)
And here we go again. Even though Washington has said repeatedly that it will not accept a “partial” trade deal, equities have roared higher since China has said they would be open to a partial trade deal. I’ve lost count how many times we’ve gone through this charade. Now, listen, I understand Washington could agree to a partial deal, since their words don’t mean crap. But, still, if we take them at their word, why would China’s “capitulation” mean anything? In any case, the algos love it:(more…)
Mercifully, there are only nine days left, from what I can tell, before this ridiculous flypaper of a market we’re stuck on can get let loose. By the end of next weekend (that is, October 13th), there should be some kind of meaningful news – – be it a deal, a divorce, or a never-ending pledge to talk about Real Soon Now – – that will let the markets roam for a bit. In the meanwhile, the ES is getting swatted at like a cat’s toy:(more…)
To my way of thinking, one proxy for the whole China/US trade deal (or no deal) is the agricultural products fund, symbol DBA. It isn’t particularly heavily-traded, and it’s been in a steady grind-down for years.(more…)
Yesterday evening, I was pissed and irked to see the ES rip higher based on the announcement that the Vice Premier of China would be heading to Washington. Turns out I got all worked up over nothing. The area I’ve tinted shows the spike, which the market has wisely concluded is beyond all measure of unimportant. I’m seriously not sure what these algos are thinking.(more…)