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.

The Fed May Not Be Raising Rates In The Second Half Of 2018

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Written by Elliott Wave Trader: For those that have followed the long-term bond market, you have likely seen many analysts attempting to call the top to the market.  And, many have even tried multiple times.  However, through the years, bonds continued to chug higher and high.

On June 27th, 2016, we sent out a major alert to our members at Elliottwavetrader.net entitled “Beware of Bonds Blowing Up.”  Yes, we took our turn in attempting to call a top to the bond market.  But, a little over a week later, the bond market struck its highs.  Since that time, TLT has dropped almost 20%.

Since Xenia Taoubina began providing her bond analysis to our members at Elliottwavetrader.net two years ago, her view has been that TLT was going to strike a significant high in 2016, and set up a large decline off that high. That’s exactly what we saw, followed by a nearly two year long decline in the price of bonds (rise in yields). (more…)

SPX Drops Below Major Support As 10-Yr Yields Tags 3%

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I last wrote about the S&P 500 Index on April 19 and also included a couple of updates later that day.

I mentioned that its latest rally that tagged 2700 was weak and that the intraday action that day was hinting that it could be a pivot point where we’d see price either spike back up to 2700 or plunge down to 2650, or lower.

As at 1:30 pm ET today (Tuesday) the SPX has plunged below 2650 as the 10-Yr Treasury Yields tagged 3%, as shown on the following daily chart. (more…)

Next Bond Breakpoint

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I was a bit concerned on Friday night when Kim Jong Un announced peace and love for all humanity, but equities aren’t exactly blowing through the roof. In fact, the overnight session started with a big pop higher and was red on both the ES and NQ before the open. So as I speculated, it seems war is bullish and peace is bearish.

For now, however, as I’m typing this, ES and NQ are green again, with the S&P 500 up about one-third of a single percentage point. More important to me is bonds, which are down slightly (about one-fifth of a point……….yeah, not exactly a thrilling day here):

zbintra (more…)