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.
As difficult as it was to have ProphetCharts disappear on me (along with the countless trendlines, channels, and studies I had laid upon the thousands of charts within in), the silver lining I recognized was this: it forced me to start over again, revealing with fresh eyes what was going on in the markets. I mean, let’s face it, equities in the U.S. pretty much look like this:
The highlight of last week for me was energy’s breakdown (well, the real highlight was the launch of SlopeCharts, but the trading highlight was energy). Looking at the USO chart, you can see the clean break. I consider it plausible that crude oil will see the upper 30s before a meaningful reversal.