For months, the VIX has ambled between 14 (utter complacency) and 24 (what counts as “fear” in this government-wet-nurse environment.). We are at the bottom of the range right now.
Amana Radar Range
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.
Current Market Valuation
My own website, Slope of Hope, provides me all the market information I’d ever want, so I’ve never bothered subscribing to anything else. That is, until about a month ago when discovered Current Market Valuation. What’s cool about CMV is that, unlike my chart-focused Slope, it is completely focused on long-term fundamental and economic data to draw its conclusions, which are by their nature devoid of emotion, interpretation, or agenda.
Having said that, here is where its aggregate analysis stands right now. Perhaps you have heard the term “pegging the meter“. It certainly applies here. It has NEVER been this hot.
Huge News Week Part Two
On election day I was writing that the huge news this week would likely dominate the markets, and the first and larger part of the news is in, with Trump elected President again, and markets breaking higher in response.
I was also writing a few days ago about two unfinished business targets above that I was expecting to see hit within weeks and they were a new all time high on QQQ (done), a retest of the 2024 high on IWM (done) and possibly a retest of the 2021 all time high on IWM (also done). That has cleared out the unfinished business targets above so today I’m going to be looking at possible targets higher on the US indices.
(more…)Three Crypto Bulls
In the conclusion to my post yesterday I said:
(more…)‘So what’s the takeaway here? Well before the open this morning I was talking about the decent looking possible double bottoms on Bitcoin, Solana, SPX and DIA. Those have broken up on Bitcoin and Solana, and the ones on SPX and DIA are heading that way at speed at the moment. We could see a strong rally across the board today and, subject to the huge news week this week, that could take all of these back to last week’s highs. ‘
Binary Setup Here On Crypto
Solana (SOLUSD) is the pattern leader on Crypto here, so I’ll start with that today.
I was looking at the possible inflection point on Solana last week as it hit main bull flag resistance and reversed there, and so far that has been playing out in a way that is suggesting that we might see that possible big reversal that I was looking at.
On the daily chart a daily weak RSI 14 sell signal has fixed, Solana has broken back below the daily middle band and backtested the 50dma, currently at 154.90, and resistance is at the daily middle band, currently at 167.15.
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