Ironically, probably my best call of the entire year was the one I kept being so embarrassed about: declaring that the crude oil gap at $73.25 would be the peak of a staggering, multi-hundred percent increase in energy over a period greater than two years. Yet that is almost precisely where it flipped around, getting as high as 72.83. Since then, KABOOM, oil has been vomiting all over itself. As it melts past that magenta area I’ve tinted, we have a failed bullish breakout, plain as day.
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.
Remind You Of Any Market You Know?
Like a Light Switch
Just a comment cleaner to say…………well, THAT was kind of obvious, wasn’t it? This toggling, on-again/off-again, bipolar market prevails. Monday, a holiday. Tuesday, down big. Wednesday, up big. Thursday, down big. And today……..do I even have to say it?
Indeed, it isn’t just this week. Looking at the SPY, which is the biggest and most basic of the ETFs, you can see this “change every single day” situation has been in force with almost perfection for longer than that.
