Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
I can't remember the last time I started the day witnessing such a completely flatlined ES and EUR/USD. Perhaps everyone has hopped onto the sleigh with old St. Nick already. It's d-e-a-d! Here's the latest ES with updated retracements:
The ES is crammed between a bunch of proximal levels, suggesting a tight trading range today. There are a couple of housing reports coming out at 10 EST, so maybe that'll shake the tree a bit.
This post will be brief, as I have nothing new to say (for once). First up, crude oil, which dropped (wow……) under $40! This continues to amaze.
I am increasingly smitten with my precious metal shorts. The $XAU graph has the spiffy property of having not only retracted to a major Fibonacci resistance, but also having broken a mombo trendline and then retraced to that. I'm hanging on to these shorts.
As for stock indexes………….I covered some of my ES shorts around $855, but earlier today I also bought into some ultrashort items like FXP, SRS, and DZZ. I haven't touched the Russell in a long time (it used to be my favorite trading vehicle), but I think its slow stochastic is quite telling.
In spite of so short a post, I added a bunch of new positions today. Check out the watch lists in the right column to see if anything turns up of interest.
