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.
All right, let’s pick up the wreckage from yesterday’s trading day and let’s try to make a bit of order.
As you know yesterday we theorized that the market was bottoming in the blue-circled area in the chart below, the odds were good, however the market went lower. From a probabilistic point of view the odds just got better for a LONG trade, both DAILY and WEEKLY. The more the market stretches to extreme limits, the higher the chances of a sudden sling back. (more…)
The following is the opening segment of this week’s Notes From the Rabbit Hole, NFTRH 276:
Somewhere along the road from the 2000 bottom in gold stocks to the 2008 flame out of inflationary hysteria, the gold stock sector went from counter cyclical first mover to ‘inflation trade’ also ran. Gold stocks put in a secular bear market bottom in 2000 just as the US and many global economies were topping out. (more…)
Here’s tonight’s trading watch-list: (note from Tim: this was posted last night, so “tonight” is “Sunday night”……….)
Long Chesapeake Energy (CHK)
