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.
Well, it’s pretty obvious, I’m a Boy Scout at heart, and the moment my hair is 1/4″ over my ears, my haircut is way overdue. So I’m off to go get lovely again, but I promise a market-oriented post later today once I’m back. In the meantime, talk amongst yerselves.
Well, my studio career is officially launched: Audible, Inc. has released the audio version of my Panic Prosperity and Progress book. Check it out by clicking here.
Grant Williams, who is an extraordinary writer, blogger, and thinker, was kind enough to invite me to coffee when he was visiting Palo Alto a few months ago. He told me about a new venture he was launching called Real Vision TV, which is now live and you can visit by clicking here. My shorthand way of describing it would be “ZeroHedge, televised”, but probably with a good dose less tin-foil-hat and lunatic comments. It’s unique, thought-provoking, and gaining a lot of momentum (plus, I’m honored that they wanted my own contributions with some charting videos). Be sure to check it out; it’s one of the coolest things to happen in finance media in ages……..(and they got a lot of attention with their recent Albert Edwards interview):
I posted the chart below on twitter last night to show that the channel support that I posted as a target on Monday morning was tested at the close. I was concerned by that test being on the low ticks of the day, and we’ll have to see whether that holds this morning. On my main scenario we see a strong bounce from that support into new highs, very possibly this week. If we were to see a hard break down then I’d be looking for a very possible gap under channel support at the open today and at the moment at least, that seems unlikely. SPX 5min chart:
