And people JUST keeping BUYING.
Yet Another Record!
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.
Taking Stock On Crypto
This is my last post for 2024, and this is a good opportunity to have a bigger picture look at where we are in the current bull market run on Crypto, before I get on to the shorter term setup for the next few weeks. My crystal ball has been mislaid for the moment in an unfortunate dry cleaning snafu, but I will do what I can in the meantime using historical price action and math.
I wanted to show you all my much bigger picture Bitcoin (BTCUSD) weekly log scale chart vs NDX, which is really a very interesting chart. I will quickly go through some of the highlights from this chart.
(more…)Flagging Equity Markets
In my last post on Friday 20th December I was looking at the very likely rally that I called that day in my video before the open and that we saw start that day on equity indices and Crypto, and I said the following then about that:
‘How long might this rally last? Well given that today is 20th December I’m thinking this rally may well take us into Xmas and fairly shortly thereafter into lower lows. We shall see. ‘
Obviously today is now 30th December, tomorrow is the last trading day of the year, and as I was saying on Friday 20th December, I was expecting the rally to fail into lower lows shortly after Xmas. That may well be in progress now.
(more…)A Wedgie for the Ages
The Return of Halitosis
For a while there, breadth was on the mend, but bad breadth is back with a vengeance. You can see this vividly illustrated by way of the equal-weighted S&P 500 divided by the normal $SPX.
