Further to my last Weekly Market Update, this week’s update will look at:
- 6 Major Indices
- 9 Major Sectors
- YM, ES, NQ, TF & NKD
- Comparison of SPX, TNX, Oil, Gasoline, DJUSFD, XLF, GE, XHB, Lumber, Copper (more…)
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 view the government like most other entities: it acts in its own best interests. To that end, I belive government will “spin” any data in the most favorable way possible.
The honest-to-God unemployment rate is probably 16%, but the ha-ha, USA Today-digestable rate that the government cites is 7.6%. I was on MarketWatch on Friday when I noticed they were running a little poll about today’s “good” report. I guess I’m not the only one with some skepticism (I’m particularly surprised since this poll is on MarketWatch, which is not typically a tinfoil hat zone): (more…)
I’ve been mentioning ideas related to being short south-of-the-border stuff for a number of weeks, such as Brazil (EWZ) and Mexico (EWW), shown below. Even on a day like this, in which all the U.S. indices are way in the green, and the Russell is up nearly 3%, seeing Mexico down over 2% is gratifying. This is a very broken chart. (more…)