Commodities, particularly oil, continue to be strong. You can see the breakout a few weeks ago from the range DBC was in, and the successful test afterward.
It may seem silly to read, but perhaps the thing I am most grateful for in 2017 (since we’re almost to Thanksgiving right now) is SlopeCharts. My decision to create “a new ProphetCharts” (my creation that was was killed by its new owner) has yielded a product that has exceeded my expectations, and it is a sheer pleasure to use it every day. Especially the five days per year when the market drops.
Besides enriching the product directly, we’re also always looking for ways to enrich the data. I’ve got more news on this for Plus subscribers, whom I’m going to create a separate post for today, but I wanted everyone to know that the VIX data is deeper now and, unlike before, actually has a daily range. Just look at this:
Well, there goes another piece of my childhood…….
No, this isn’t a plea for the market to stop going up. It’s more useful than that.
One of you helpfully suggested that, with the growing SlopeCharts list of technical indicators, some instructional information might be helpful. OK, done! Now there is a Help button on every tab related to studies, and clicking it will bring up a new page describing the study and how it is used.
And, hey, if you want to give me something to be thankful for on Thursday, I’d like to see you using SlopeCharts. It’s a dynamite product, it’s free, and hey, there aren’t even ads on the page!