When SlopeCharts first came out a couple of weeks ago, I said it was very much a version 0.1 product (even though, in some respects, it’s already the best charting product on the web). I’d say we’ve moved up to version 0.2 by now with the introduction of our first technical indicators, which are accessed with this button:
We’re adding new features and improvements to SlopeCharts constantly, so I’ve taken some time tonight to polish up the information available under the Analyze menu. Please take a look. I plan to make some videos later this summer, but the product is in such a state of growth now, I don’t want to create videos that will be rendered obsolete so soon.
Since no one wants natural market forces to work these days, OPEC announced the extension of their already-in-place production cut. The response of crude oil has been steady all night, with prices ascending strongly, up over 3.5% as of this moment. To give this move some context, here’s the daily futures chart. The market is up about 10% since we bottomed earlier this month, but the multi-month trend still remains down.
There’s an old saw in software you’ve probably heard – – “it’s not a bug; it’s a feature”.
I was reminded of that when thinking about an aspect of SlopeCharts which I initially considered a limitation: it shows weekly or monthly data when it is incapable of showing daily. In other words, the granularity of the data is reduced when there are simply too many bars to display, such as this multi-decade chart of the Dow Industrials.
On Thursday, May 4th, I tried to do something that I’ve done for about 4,300 consecutive days: launch ProphetCharts. However, for the first time ever in those 4,300 days, it didn’t load. And it didn’t load for one simple reason: it doesn’t exist anymore.
It was a strange feeling, but by virtue of planning ahead on my part (and more than a couple of miracles), I was ready for this. I had a new charting platform to use. And, unlike ProphetCharts, which I had sold in January 2005, I owned this one 100%. And, today, I give it to you, free of charge. I present to you: SlopeCharts. (more…)
There are a lot of newcomers on Slope these days (the vast majority of them lurkers – – that is, folks that don’t participate in the comments section but, as with Playboy, are here just for the articles). I thought I’d mentioned a few features here on Slope that some of you may not be aware existed……
SocialTrade – see that continuously-flowing banner of images at the top of the blog? Those are the latest entries from SocialTrade, which is sort of like a Pinterest product I created for financial information. The best place to start is the Browse Stacks page, but you can access any SocialTrade features from that dropdown menu at the top. There is even an iPhone app that lets you access the many thousands of items people have stacked over the years. Finally, there are some videos I put together that make SocialTrade easy to grasp.
A carton of eggs. The product of the first three factorials. Units of time. The number of months in a year. The largest number with a single-syllable name in English. Twelve is a many-wondered thing.
It also happens to be, as of today, the number of years Slope of Hope has existed. As I’ve explained before by way of Patton Oswalt’s brilliant routine, not every birthday should be celebrated. Twelve doesn’t make the cut. Thirteen will.
I will, however, as an homage to what we’ve all built here over the past dozen years, offer up a few relatively obscure links you might not have known about: