Kindly take a look at this graph from the good folks at Elliott Wave:(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.
In short, the market seems to have completely and utterly absorbed the trade deal failure. Indeed, when we were told how a trade deal was absolutely going to happen, people agreed it would be uber-bullish when it did. And yet, now that it’s totally failed……….zilch. It’s become irrelevant.
One need look no farther than the VIX to witness this:(more…)
Perhaps you have noticed the market lately has been jerked back and forth with more energy than we’ve seen in a long, long time. It looks like a photograph of a handsaw:(more…)
The number in the title is in honor of the boldest forecast burped up by the gold community in February as the metal (and the miners) jerked upward and jerked the holdout would-be enthusiasts into the market. It was included in the anonymous (but real) quotes from a cautionary post last week on the Gold Bull Horns.
We also used these quotes in an NFTRH update in order to try to make a point, despite what were very short-term contrarian bullish readings that day (per Sentimentrader’s data) for junior and senior gold miners.(more…)
From Hedge Fund Tips: AAII Sentiment Survey results are out this morning. Bullishness is now up OVER the 40 level – which usually marks market reversals. Bearishness has collapsed. In the S&P500 chart below I have noted those dates in the recent past where Sentiment was at similar levels (Bullishness ~40, Bearishness <30). You can follow along with the red circles on the sentiment results above.(more…)
I have a rather unique vantage point as the owner of this little corner of the Internet. People from various parts of the world know me by way of Slope as well as my show on tastytrade, and some of the bears among them (God love ’em) consider me their ursine patron saint, so when things are going badly (like, oh, the past six weeks nonstop) they reach out to me.
Well, last night, this is pretty much what I experienced: