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.
If you decided at the end of March to curl up in bed and sleep for the entire month, you would have been spared a lot of unnecessary trauma. I present to you, shaded in green, the change in the SPY for the entire month of April. Zilch. Bupkis. Dick. De minimus. Take your pick of the term representing nothing.
It has been a really interesting year on the markets so far for me but the winds are changing and I want to review where I think the equity markets stand and where we may see them go from here.
I was saying in a post back on December 2nd that 2025 might well be the most interesting year on the markets in a long time, and that has definitely turned out to be the case. I’ve had an amazing run this year which can’t and won’t last forever but has been a lot of fun.
In a post on 22nd January I was looking at possible new all time highs to set up big topping patterns on SPX, QQQ, DIA & IWM. On 10th February I was looking at getting those new all time highs on SPX, QQQ and DIA in the next few days. On 19th February, the day SPX made the current all time high, I showed the high quality double top targets on SPX, QQQ and DIA, and the lower quality H&S pattern on IWM. All of those patterns subsequently broke down and reached target.
(more…)Good morning, everyone. I’m not complaining, but it’s awfully quiet. As I am typing these words, the /ES is literally +0.00, as the continuous flow of pronouncements and denials from the White House hasn’t started yet. Last night there was a bit of excitement in auto-land, as, yet again, “exemptions” were proposed for cars. That caused car-making companies like GM (below) to rocket higher, only to fall to a loss when they realized that the credibility of this administration is just about zilch.
In my last post on Friday 11th April I was looking at likely rallies coming on both Crypto and equities, and posted some charts looking at the options for that rally on Bitcoin (BTCUSD), Solana (SOLUSD) and Ethereum (ETHUSD).
I posted the contemporaneous chart below back in December and I noted on the chart then that any sharp decline on equity indices historically took Bitcoin down with it, as we have seen, and noted on 11th April that any significant rally on equities would likely take Bitcoin up with it. We’ve been seeing that since.
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