From Forex Factory’s calendar……time is EST, so that is 90 minutes before the market closes.
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.
Hometown Excitement
Four Patterns and a Theory
All seven of the IHS patterns that I’ve been watching since the lows last week have now made target apart from TRAN and RUT, and of those two, TRAN has come so close that if it failed here, I’d consider it a technical hit. RUT has barely made it out of the gate of course, but I have a theory about that I’ll be coming to later in this post.
I also now have decent trend patterns for this move up on five of those US indices, and passable patterns on the other two, so this move up has now taken form, and a retracement of some kind should be coming shortly.
SPX obviously made a new high yesterday, and that new high was not immediately rejected. If we see higher today, which isn’t a given as all seven patterns have already hit their resistance trendlines, then the obvious target is the daily upper band, now at 2001. SPX daily chart:
Amazon vs Hachette: Why An Axe May Beat A Hammer (Part 2)
Just a scant 15 years ago the internet and everything we now take for granted was almost unimaginable. If you were placed in hibernation then only to wake now it would be the equivalent of being a Quaker suddenly transported to the deck of the Enterprise.
Smart phones alone are only 8 years old and the Blackberry™ (a what?) was at the time a marvel of marvels. Today? What is the same is Amazon’s business model. i.e., Sell at break even if not a loss, for as long as it can till they are the dominant (if not only) choice.
The “for as long as it can” part of that statement is what I believe is now jeopardizing that model. Amazon is still if not more convenient as ever as a first go to place to check prices and more. But (and it’s a very big but) it is far from the absolute price dominator on all items it was in respect to just 4 or 5 years ago. (more…)
Commodity Bounce Coming?
With a complete paucity of long ideas I can offer up with a straight face, I present a couple of commodity-oriented ETFs that might………..might!……….be headed for a relief dally.
