I am absolutely delighted to let you know about a couple of terrific improvements to my beloved SlopeCharts platform.
(1) Panes – as we set about adding more technical studies to SlopeCharts, we decided to make the panes – – that is, the individual elements of the whole chart – – easy to rearrange. So if you want one study at the top, the price bars at the bottom, and the volume pane wedged in between, that’s your choice. Using the panes is a cinch: just hold down the Ctrl key and drag them around in any arrangement you like.
(2) MACD – the oft-requested Moving Average Convergence Divergence (MACD) study is here! You will see it available in the new Studies tab at the top of the screen. (more…)
Here I am on another plane, trying to squeeze a few ones and zeroes out of the pathetic GoGo “broadband” (more like a thin straw) to the Internet. But duties to Slope reign supreme, so I will make the best of it.
I wanted to offer a view of my five options positions, by way of the underlying instruments. I own in-the-money, long-dated puts on these, spanning as far out as June of next year. My intent, based on my target prices of the underlying, is to double my investment in each of these but, ahhh, we’ll see how that goes.
First up is Brazil, which I did a brief post about earlier today. This is a new position, entered today ,and it needs to break last week’s lows to crack that trendline.
Today WOULD have been quite interesting, had it not been for the damned buy-the-dip crowd. One area, however, that’s really starting to break down (and which I’ve mentioned with increasing frequency on my tastytrade show) is high yield bonds. Check this out:
Starting in early 2016, the Brazil ETF symbol EWZ roared almost 200% higher based on……..what…….a big surge in personal shaving services? I’m not sure. But their stock market went insane, shoving away anyone foolish enough to be in their path.
My view is that this surge is at the cusp of failure. Here is the broad SlopeCharts (why aren’t ALL of you people using this product? It’s FREE, and it’s FANTASTIC!)