Well, the Twitter airwaves have been crackling with this for the past few days:
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.
Sometimes They Come Back
There is a very clear target for an AM low this morning if we are to see an AM low and then continuation upwards today. At the time of writing that area is at 1912-4 ES, and that target is at the rising wedge support trendline from last Thursday’s low. A break below there would open up a possible decent retracement but in this very bullish tape since last Thursday I won’t be holding my breath waiting for that to happen. – TARGET TRENDLINE HIT WHILE WRITING POST. ES Mar 60min chart:
New “Buy” Signals for Equities
Note from Tim: I just want it made clear that Slope’s beloved Strawberry Blonde composed the piece below, which I appreciate. To be clear, your permabearish friend (me) remains short, having bumped his positions from 50 to 75 this morning. Having said that……….
New “BUY” signals have just formed on the RSI, MACD and PMO indicators for:
- SPX:VIX ratio: Price still needs to cross and remain above the 100 level, as outlined in my post of January 29th, and, thus, is still aimless and directionless within the “Uncommitted Zone.”
High Ho! (by MoneyMiser21)
Mellow Yellow Right Said Red
Some people are more fun when they’ve had a few drinks. I, on the other hand, am a lot more fun with the market is in a free-fall. Those of you who watch me on Tastytrade probably know this already. I’m cheerful, chatty, and chipper when the market is getting wiped out. However, when talk of stimulus, easing, and more government whoredom sends markets sailing higher, and my own readers (particularly those with interchangeable names) start tossing about terms like “beartard” (on my own blog; have you no decency, at long last, Senator?), my mood darkens considerably.
