Further to my post of February 15th, data released Wednesday night shows that Foreign Direct Investment in China pushed deeper into negative territory, as shown on the graph below.
Slope of Hope Blog Posts
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.
Moments of Truth
A few years ago, my wife bought me a watch from a web site called Overstock. I had vaguely heard of them. After I got the watch, I decided to return it (I'm just not much of a watch-wearing type of guy).
In short, the process was a big pain in the butt. I had to place a phone call…..wait on hold to talk to someone……explain myself…..get an RMA number…..write down all kinds of information……write out a shipping form. I don't remember all the details, but I do remember two things: (1) it was a big pain in the 'nads; (2) I decided never to do business with them again, and I told my wife to please likewise refrain.
At that point, I pretty much forgot about them (except for seeing an occasional story about how their CEO would rage against shorts, blaming them for Overstock's dropping share price).
A Chartless Day
Well, from what I gather, the S&P data feed is down, and it's affecting many products – – not the least of which is my beloved ProphetCharts. So I've been pretty much hamstrung, flying blind, and whatever other cliches you want to use to describe my present state of affairs, all day. It's frustrating, to say the last (and, I might add, far from the first time this has ever happened with this data vendor).
My blog's ads and my feelings merged neatly today:
The Ides of March (by Springheel Jack)
I posted a chart last night on twitter that I'll start with today. It's a look at the very rare candlestick setup we've seen on SPX in the last two days, with the strong punch through the upper bollinger band on Tuesday, and then SPX opening and closing above the upper bollinger band yesterday. I have four instances of this happening since the 2009 low. Two marked a short term high and two were just a short way below. This is a respectably bearish setup and I've put the stats for what happened afterwards on the chart:
