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Well, there’s just no doubt about it. I have a lot more fun with down markets than up markets. Last week was a total kick. Today was all about defense.
It’s no shock, though. As I mentioned repeatedly last week, and during the weekend, this brief “shock spikes” in the VIX tend to vanish quickly. Until a missile actually explodes somewhere, it looks like everything is calm once more.
This weekend, I asked for requests with respect to SlopeCharts. I got a bunch of them, many of them quite helpful. One in particular was a forehead-smacker for me……..
You may recall that in the comments section, if you precede a symbol with a dollar sign, it will magically turn it into a hyperlink……
Well, until someone pointed it out, I was using FinViz – – instead of my OWN freakin’ charts!
I have corrected this, so now when you see a linked symbol, you will get SlopeCharts, as the good Lord intended. I can’t believe I didn’t realize this until a kind Sloper pointed it out. Thank you!
On Friday, this tumbled into my Twitter feed, attributed to Gartman:
And, so, as federal law requires, equities are UP and crude oil is DOWN right now.
I love the crude oil chart as a short, and I’m short USO as we speak (well, neither of us is speaking – – or at least I’m not – – and if you’re talking to your screen right now, you’ve got worse problems than either of us). Anyway, here’s what I see:
FirstEnergy Corp. (FE) established tight base over the last two weeks and break of resistance in the 32.4 area could trigger new up wave.
