For months now (and many, many dollars……..) I have been hard at work on the new Slope of Hope. I have given PLUS members a sneak peek, but I wanted to share with you its introductory video that I finished just moments ago. This video doesn’t apply to the current site, obviously, but I’m looking forward to rolling out the glorious new Slope website.
Stan and I were saying in the monthly free public Chart Chat on Sunday that the last day of the cycle high window was today and we were expecting to see a rally high made by the end of the day. You can see the recording of that here. There was obviously no doubt in our minds (wipes last of cold sweat from brow), and we should be putting in the first stage of that now. Hourly RSI 14 and RSI 5 sell signals fixed this morning on all of SPX, NDX and RUT, and except for RUT, the RSI 5 sell signals have reached target in this first push down. We are expecting more downside, likely a lot more downside.
I haven’t posted a full intraday video for a few days, so this is the full version also including DX, CL, NG, HG, GC, ZB, KC, SB, CC, ZW, EURUSD, GBPUSD, USDJPY, USDCAD, AUDUSD & NZDUSD. I do a premarket video every day for subscribers, and a full intraday video most days, and Stan does a post market video every night. Intraday Video from theartofchart.net – Update on ES, NQ and TF, DX, CL, NG, HG, GC, ZB, KC, SB, CC, ZW, EURUSD, GBPUSD, USDJPY, USDCAD, AUDUSD & NZDUSD: (more…)
Let’s celebrate the reversal! Time for some Devo, the coolest group of all time. This video is from decades ago (since the boys were pretty much the most innovative out there and led the way on music videos) but has probably my favorite moment of any music video, which is the fat guy trying to drink a milkshake while on an “exercise” machine. Also take note of the cameo appearance by Laraine Newman (spraying from the tree), who was Mark’s girlfriend at the time.
At first glance, it would seem the swift swoon on the NASDAQ was kind of a big deal, since it’s been such an unstoppable monster lately.
Okay, this is about the most random post ever, but moments ago I stumbled across an image floating around my hard drive I had forgotten about: the server map to Prophet. This used to be hush-hush, super-secret stuff, but now I can share it with everyone, since these servers were scrapped ages ago. Instead of naming them something boring, I decided to use names of sins and virtues. When we ran out of those, we came up with heroes and villains (leading to instances of someone screaming “Stalin is down! Stalin is DOWN!”. So……..here they are:
The monthly CPI numbers came out, and even though prices are going higher, I guess the market was relieved. (CPI trend chart below from ZH):