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.
Back on November 10th, I did my Shifting Sands post, which predicted that oil would, as gold and silver did before it, fall to pieces. I’ve marked the point of my post on the chart below with an arrow. Well, so far, so good, in spite of the Saudis trying to prop things up. I think oil has much, much farther to go.
I’m not going to pretend to be interested in all this “Ferguson” stuff that the media is obsessed with. Part of me thinks the media is hoping for something along the scale of a Watts Race Riot, just to fill up an otherwise boring news cycle. The only Ferguson which has ever interested me is this one:
With Thanksgiving here I’ll mostly be catching up with paperwork over the rest of the week. The globex action this morning has been very interesting and profitable, but my expectations for the rest of the day aren’t high.
SPX turned in a 28th consecutive daily close above the 5 day MA, and though I’ve only been able to check this myself back to the beginning of 1962, I understand that is a new lifetime record for SPX since 1923, beating out the previous record of 27 closes above set in (cough) 1928. I’m certain that this move here is at least as much a sign of a healthy bull market as the 1928 record was, and would note that SPX doubled in value in the months after that last record was set, though there was some bearish action after that. At some point this record-breaking run will have to end, but this being Thanksgiving week might extend the run a couple more days. The 5DMA closed yesterday at 2060. SPX daily 5 DMA chart: (more…)
First off let me make this statement plain and simple before one reads any further. This is not a hit piece, nor an effort to take swipes at Tony Robbins or worse, some feeble attempt at click-baiting.
I have been a true fan since he first hit the motivational stage decades ago. However, just as I am what many would call an Apple™ “fan-boy” (which I am) it doesn’t stop me from pointing out issues where I see a compelling reason to do so.
As I’ve stated before, I mean it in a manner the same way one would criticize a family member when they are either doing something that doesn’t make sense, or something other. Nothing more, nothing less. (more…)
