The surging popularity of Slope isn't lost on political pollsters, and in a desperate move to turn their fortunes around, the Clinton campaign contacted me not long ago so that Hillary herself could provide running commentary during the trading day.
Sadly, given the market's behavior of late, this went poorly for both viewers and candidate alike. I managed to get a screen shot off Slope TV.
It seems to me that it's about time that Something Happen. After all, weren't we getting a Bomb-Per-Week recently? C'mon, market newsmakers – show your stuff! Let another investment bank fail! Expose a fraud! Something! This is getting dull! You can even see the dullness in volume shriveling up. It's less than half what it what a week ago!
Oh, this is totally random, but I offer you the least surprising event of my Facebook news feed today.
The Fibonacci retracement has been doing an admirable job keeping a line in the sand from being crossed. I hope it continues to do so.
What if it doesn't? What if the IWM, in spite of yet more economic bad news today, pushes above the 70.35 level? Well, there's a much bigger line in the sand above that. Of course, if it crosses above that, I don't even want to think about it.
I am somewhat heartened that maybe this little bull run has petered our. At least that's what the slow stochastic is indicating to me. I've tinted in prior instances of the SS pushing above the 80 line.
You can see in the lists on the right column what my holdings are, and investment banks are scattered here and there. When I look at a graph like this, the possibilities to me are very exciting.
I'm going to close it here. I'm not as chatty as usual, because there isn't nearly as much to chat about. But I'm waiting for another shoe from the centipede to drop. Until then, we wait. Like Hillary.
