Mosaic. I was already short. Shorted some more. That’s the score. It’s no lore than I’m a bore.
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.
Whodunnit?
The bulls had a very good week last week, helped by Draghi’s announcement on Thursday that we should expect more european QE, and then the BoC lowering interest rates and the deposit requirements for banks. However, on a big news event like this, and regardless of what happens afterwards, there is very often a retracement of the initial spike to revisit and retest ‘the scene of the crime’, and one thing very much coming through from the charts I was looking at over the weekend was that we may well see see that retest in the first half of this week on SPX, NDX and of course USD.
The charts are from my weekend subscriber updates at theartofchart.net today, which will often be the case on Mondays and Thursday, but particularly so this week as the clocks changed in the UK over the weekend, so I’m losing an hour every morning this week until the clocks are back in sync next Monday.
Ne’er More than a Pair
I’ll make one simple observation about the roaring push that’s taken place over the past month: the bears haven’t managed to put together more than a pair of down days (and modest ones at that) in all this time. With all the potentially bull-happy things on the docket this week (AAPL on Tuesday, the Fed on Wednesday, the Japanese Central Bank late Thursday night, just to name three), I’m wary (but persistently intrigued).
