Hi, everyone. I just returned from seeing Darkest Hour, and it was every bit as good as I hoped. Oddly, most of the folks in the theatre were geriatric, so I guess movies with WW2 themes still appeal to an older crowd – – but it was a real pleasure to watch.
On an utterly different note, it occurred to me that it’s rather odd (particularly for newcomers) that SlopeCharts appears on the screen without………well……..a chart. Instead, it’s just a big blank space. Therefore, I’ve made it so that the symbol SPY shows up by default. You’re not stuck with this, however. If you’d like to use something else (like, say, $BTC), you can change this in Preferences:
I hope you’re having a wonderful weekend, my Slope family. The Rev was a little under the weather this week, so my usual radio voice will have to be replaced by some illuminating keystrokes.
Before the year ends, I wanted to take a brief look back at the last six month, but more importantly, at the year ahead that awaits us. In my last market update, from June 23rd of this year, we discussed the continuing bull market in SPX and how it was following nicely the 10 year crude oil analog. We forecasted continued strength in SPX, as a period of sideways consolidation was likely to breakout to new highs before year end. SPX closed on 6/23 at 2438, and currently trades at 2675. Voila! The crude oil analog in practice. (more…)
Preface to all three parts: 2017 has been an exciting year for Slope, and I went looking among the literally thousands of posts this year to find what I considered the most intriguing. I earmarked twenty-one of them, and since that is too much for a single post, I’ve broken them into three equal parts (I’ll publish the other two before the year is over). Here, then, are the first seven of my favorite posts from the year and a few words about each one. Thank you, Slopers, for making this place thrive for so many years.
- The End of Invention – an angst-ridden post about my dread of boredom and desire to create something new (I didn’t realize it at the time, but SlopeCharts would cure this).
- Ramsey’s Year-End Review – a very detailed roundup of Ramsey’s year of binary trading
- Fear of Boredom – Clearly the angst from the earlier post was eating me alive at this point.
- Keeping It Real – in which I go off on Dennis Gartman on his flip-flopping and, shall we say, revisionism.
- They’re a Person Too – behaving decently toward your fellow human beings.
- Stupidity Unwound – an analysis of the Trump effect.
- Finger on the Trigger – a guest post about depression, suicide, and strength.