I’m going to do a super-lazy post and show you an article that came out today in the Palo Alto Weekly about my House Safari product (which is distinct from my SocialTrade VR product; yes, I have been busy recently). Click on the image for a readable version……….
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.
I’m delighted to say IWM is by far my biggest short.
I was saying on Wednesday last week that ES, then six handles under the all time high, was deceptively close to the all time high, and that was because ES was already making heavy weather of getting through to retesting it. Nine days later ES is seven handles under the ATH at the time of writing, and has been kicking round in this area for a couple of days while we are still waiting for that retest.
The pattern setup here for delivering that retest is good, and the falling megaphone that has formed over the last few days is a likely bull flag that should deliver it soon after the break of megaphone resistance, which was tested again on the NFP numbers this morning but again wasn’t broken. A break over 2268 today would be a clear break. It would be nice to see that break today. ES Mar 60min chart:
There was plenty and chatter about how amazing Bitcoin was doing lately. I even did a post about its well-formed bullish base, but my first words were “I’m not even going to try to understand the logic.” Someone actually emailed me the “logic” behind the trade (something about Chinese wanting to get the hell out of China), but in spite of all the hoo-ha, the ridiculous crypto-currency trade has poo’d all over itself, losing nearly a quarter of its value in a span of hours.