And here we have………..the last bar post of the old site, and the first bar post of the new site. I can’t precisely when we’ll throw the switch, but it’s coming within hours.
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.
Financials First Crossover
As brutal as this day has been, the big picture still hasn’t changed: lower lows, lower highs, and a general downtrend (although, God almighty, I am really sick and tired of all these “fight backs” the bulls are pulling off). For a little perspective on this, here is the triple-bullish on financials fund, symbol FAS, on which I own January 2019 puts. As you can see, we finally got our first bearish crossover on the two faster moving averages for the first time in God knows how long……..
Aieeeeeeeeeee………….
Do YOU like this market? I sure don’t.
Waiting For The NQ Triangle Thrust
Stan and I are doing our monthly free public Chart Chat on Sunday looking at the usual wide range of tickers over world equity, bond, commodity and forex markets. If you’d like to attend you can register for that on our May Free Webinars page.
I was talking on yesterday morning’s video about the triangle breaking down on NQ, saying that the classic triangle sequence would be for the initial break to find a low, then reverse back up into the NQ triangle, and then do the main triangle thrust down. So far NQ is following that sequence and should now be topping out on the backtest into the triangle to start the main triangle thrust down. (more…)
We Knew the Jobs Report 48 Hours Ago
