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.
Wow what a day … the market that was looking for a reason to correct and got it in the form of Egypt's public protests. I guess we know why the US gov't keeps extending unemployment benefits, food stamps etc. It doesn't seem possible but without these programs, the scenes from Egypt could very well be coming from Chicago or Detroit or …..
After that pleasant thought, let's review the day's action in the SPY …
Chart from January 20th blog post regarding the April top …
Here is the chart from today at 11:45 am …
A wise man once said that if the market doesn't do what it is "supposed" to do … expect a strong reaction in the opposite direction. He also said market history doesn't repeat exactly, but sometimes it sure rhymes.
Lock and Load people … time to kill some bulls
Cheers … Leaf_West
