As I said this morning:
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.
Rate Charts
As this quiet Memorial Day weekend wraps up, I thought I’d share a couple of interest rate charts shared by a thoughtful fellow Sloper. The resistance is pretty stiff. I’m crossing my fingers that it breaks to the upside, of course, as I’m definitely in the interest rate bull camp. Looking at the ZB this long weekend, interest rates are clearly continue to weaken!
The Bounceback Zone
Sooooooooo……….I guess the Nobel Prize is going to wait, eh?
Anyway, it’s nice to wake up to a morning with so much red on the screen. The one huge exception is bonds, which are up over half a percent. I’m not worried, though. It’s all following a pattern. You can see the “big tops” (with little exploration zones, in grey) followed by a “V” shaped drop and retest. That’s all we are doing right now. We are in retest mode. I’m going to increase my January 2019 TLT puts this morning.
Eyes Without a Face
Today was a pretty interesting one. One bit of bleakness, in spite of the dip on the Dow, was that we’ve got a set of higher highs and higher lows, as I’ve illustrated below with the arrows. I’m hoping this is a one-hit wonder and not a trend change, but – – – them’s the facts.
Stumbling Down the Stairs
I can hardly remember the last time I woke up to a red NQ, red ES, and red ZB (bonds). I think it was about thirteen or fourteen years ago. But it’s a delight to hold, and of course I’m grateful to the obvious impetus behind this move.
In particular, the weakness in bonds is key (as you well know by now). Here’s the close-up view, and as I’m typing this, bonds are down about six-tenths of a percent.
