I’m not especially interested in waxing poetic about a market which has gone up over 1,000 points in just the past week, so I’ll share this with you instead: someone sneaked in a camera into the original Book of Mormon (which I was fortunate enough to see in NYC with the original cast). Naturally the video quality isn’t great, but I watched this again from end to end, and I’m so glad someone out there took the risk to capture this! Enjoy……….seriously:
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.
The Triangles Break Up
Apologies for the late post today. My wife has been unwell and I’ve been juggling various priorities today.
SPX has spent the last couple of days forming triangles on both ES and SPX and the triangles have now broken up. This should deliver at least a retest of the current swing high at 2182.30 and when seen that will set a possible 60min sell signal brewing. It could reverse there, though my lean would be to then see a retest of the all time high at 2193.81, as I also have a larger fixed flag target there. Hopefully by then the current move will be better defined with an identifiable pattern. SPX 60min chart:
Crude Roars to Trendline
Just as I speculated it might on yesterday’s Tastytrade show, crude oil has shaken off its weakness and is roaring higher. I suspect it won’t get past the level I’ve tinted, though.
Oh, and this just came across my Twitter feed………
Trump as Spectacle
I’ve made a conscious decision to pretty much move on from the silliness of Trump towers, erections, pants tents and other Trump-centric commentary after having fully wallowed in it last week and incorporated it into NFTRH 421, which is a serious piece of work that also worked in these themes. I am actually very concerned that we have put an unqualified spectacle in the White House; a product of American TV and leveraged ‘capitalism’. A media star.
Here is a screen shot of page 41. It’s the Society of the Spectacle.
Chapelle!
Here’s Dave Chapelle’s monologue from Saturday Night Live. It’s all good, but the best part is his sincere speech which begins at the nine minute mark. Enjoy!
