Daily Archives: August 14, 2017

Indexing My Thoughts

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Well, there’s just no doubt about it. I have a lot more fun with down markets than up markets. Last week was a total kick. Today was all about defense.

It’s no shock, though. As I mentioned repeatedly last week, and during the weekend, this brief “shock spikes” in the VIX tend to vanish quickly. Until a missile actually explodes somewhere, it looks like everything is calm once more.

slopechart_$VIX

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About Those Dollar Signs

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This weekend, I asked for requests with respect to SlopeCharts. I got a bunch of them, many of them quite helpful. One in particular was a forehead-smacker for me……..

You may recall that in the comments section, if you precede a symbol with a dollar sign, it will magically turn it into a hyperlink…

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Well, until someone pointed it out, I was using FinViz – – instead of my OWN freakin’ charts!

I have corrected this, so now when you see a linked symbol, you will get SlopeCharts, as the good Lord intended. I can’t believe I didn’t realize this until a kind Sloper pointed it out. Thank you!

Oil’s Weak Future

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On Friday, this tumbled into my Twitter feed, attributed to Gartman:

0814-gartman

And, so, as federal law requires, equities are UP and crude oil is DOWN right now.

I love the crude oil chart as a short, and I’m short USO as we speak (well, neither of us is speaking – – or at least I’m not – – and if you’re talking to your screen right now, you’ve got worse problems than either of us). Anyway, here’s what I see:

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Flipper

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It took me about eight years or so, but I finally learned not to swallow all the weekend doom porn from ZH. On Saturday, I sent out this tweet in response to something they posted about oh-how-awesome the collapse on Sunday’s Globex market would be:

0813-double

And here we are Monday morning before the open………with double digit green figures on all equity markets. (more…)