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.
Now that, thank God, the Facebook IPO is behind us, effective immediately, new Federal regulations expressly ban the following terms within the fifty United States and its territories:
+ Any ostensibly clever use of the word "Like" (e.g. "Investors 'Like' This IPO")
+ Adidas flip-flops
+ Any reference to Sean Parker
+ Any reference to the renouncement of U.S. citizenship by Eduardo Saverin
+ "Harvard dorm"
+ "Zuck"
+ "Hoodie"
Your compliance is expected.
The Russell 2000 and The Transports Index were holding up relatively well in this downtrend, but that ended yesterday. On the RUT I've posted the H&S there a few times as it formed, and the downside target is at 720. On the chart you can see that the support broken yesterday was at the H&S neckline last year:
Charts of interest that I'll be watching on Friday (and next week) to see if bulls maintain control of bonds and U.S. $, and if the selling continues in equities…
