Pretty much the highest it’s ever been, matching even the madness of March 2000.
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.
Trades On Deck (by Xerxes)
Well, the market may or may not turn here, and it may or may not continue onward. All my previous analyses seemed to have broken with the current broad market action. So rather than speculating on which direction the broad market may go, I’ll throw out some individual stock ideas, some long, some short.
PREMIUM: This Seems Closer
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PREMIUM: The Grateful Spread
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Binary Decision Point
I was looking earlier this week on the very high quality falling wedge that had formed on SPX from the last high and considering the odds that it was a bull flag setting up a retest of the high.
Since then the wedge has broken up, retraced about 50% of the decline, and an IHS has formed with a target back at a retest of the last high.
At this stage there are only two main options. Firstly that the IHS breaks up, converts the neckline to support, and goes on to retest the last high, and secondly that SPX drops back through 4360, and likely then retests the last low at 4328.09, and then very possibly down further. It is very likely that we will see one of those two options happen next.
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