Here’s your swing-trading watch-list:
Short Wynn Resorts (WYNN)
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.
Plenty of Nothing
It’s a relatively quiet morning, with the financial news outlets still digesting and re-digesting the non-event of Yellen’s Friday speech. In spite of all the hoopla, I suspect September will come and go without a rate hike………and the FOMC will say they need more data……….and people will act surprised.
I was hoping the ES would finally slip beneath its 2166 level last night, but in spite of a few dips into the red, it’s green again. Lately, the Russell in particular has the peculiar habit of rocketing higher in the morning, only to have the rally fizzle out, often within the first half hour. We shall see. As it is now, though, the bulls remain large and in charge.
Post Eighteen Thousand
No, I’m not talking about the Dow. This is, in fact, the eighteen thousandth post on the WordPress platform for Slope of Hope. Incredibly, that doesn’t count the platforms Slope was on before. But Slope began its life on WordPress (having been in existence almost three years already) on February 27, 2008. And, boy, we didn’t know what was coming later that year, did we, boys and girls?
Would that the market were behaving in such a way as to inspire an easy, content-rich post analyzing its behavior. Sadly, this is not the case. It’s a testament to the Slope community that, in the face of that red-hot poker stick you see drawn below, we still have a thriving, dynamic blog on what is ostensibly (thanks to your insane host) a bearish blog. Can you possibly imagine this place during a downturn? (more…)
Market Musings
I was relieved to see the market’s Yellen rally disintegrate so quickly on Friday, although the bulls are still in control. Looking at the Dow Composite below, we need to get beneath the area I’ve tinted. As the crow flies, it isn’t a big trip, but it’s going to take some doing, since it is formidable support.
