One of my Twitter followers asked me this:
Happy to oblige!
(more…)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.
PREMIUM: Using Division for Vision
NOTE: This post was taken out from “behind the paywall” on December 20, 2022.
The realm of technical analysis is often presented in a way which is unnecessarily, and unhelpfully, complicated. The basic tenets around good charting focus on supply, demand, support, resistance, and trendlines. Using a very limited palette of tools, a skilled chartist can glean great insights from long-term charts about possible directions and their likelihood.
One interesting “twist” to the world of charting is using the same tools and techniques on ratio charts instead of standard charts with a single data series. Any given financial instrument can be divided by another, and although the resulting chart might be interesting, it might not be at all useful. For example, one could divide the price history of Apple (AAPL) on a daily basis for the past forty years by the price data for the commodity wheat over the same timespan, but as unrelated as those two things are, the resulting chart would likely be pointless.
(more…)Robbing Peter to Pay São Paulo
As massively, hugely, and grotesquely an “up” day it was for every asset from kitty litter to equities to futures, even in this everything-is-green environment, Brazil couldn’t log a positive change. This has been the Old Faithful for the bearish set, steadily bleeding itself lower week after week, month after month.
One Amazing Chart
As a fan of both history and finance, I cannot believe this chart was made five years ago and I had never seen it! In any case, here it is; click on it for better readability, as there is a huge amount of information.
Channel Intact
Today was yet another victorious one for the bulls (there have been 52 lifetime highs on the S&P 500 this year; and I’m not being facetious; that’s the actual number). But before we get too carried away, allow me to share once again this ratio chart of the S&P and the 10-year rates. Take note of the resistance line and that reversal top.
