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.

Closer to a Christmas Eve Close-Out Sale?

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The excerpt below is the brief Opening Notes segment from last Sunday’s NFTRH 579. We’ve been compelled by the market to obey the bullish trends and have a bullish view most intently since SPX went through the bull turnstile but really, well before that as it held the up trending SMA 200 in August and on another drop, again in September. The trends have been up all along and only broken trends would have made a broken market (I know, duh…).

Subsequent to #579’s bullish observation the market was tested this week on more trade war bullshit. And that’s of course what it is… financial media wax on/wax off to titillate or torment you with.

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Pre-Stuffing Fib Check

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Happy pre-Thanksgiving to Slopers. To be clear, today is a full trading day, and Friday is a shortened day, closing three hours before normal.

I wanted to thumb through a few big cash index charts. In most of these cases, they have blown right past their Fibonacci extension targets (thanks to Powell’s QE4). These extensions are based on major high/low anchor points, and are represented by horizontal lines. Here is the Dow Composite:

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Volatility Churns In US Markets

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As I mentioned in my post of August 5, volatility ramped up on July 26 and it continues to churn in US markets, as evidenced on the following daily chart of the SPX, as well as the monthly chart of the SPX:VIX ratio.

Near-term resistance and support levels are 2950 and 2800, respectively, on the SPX.

Major resistance and support levels on the SPX:VIX ratio are 200 and 100, respectively.

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