It took a little while for us to get around to it, but I’m pleased to tell you that SlopeCharts is now mobile-friendly, particularly on the iPad, which is what I’ve been using to test it. It works best in horizontal mode, and the program is smart enough to abbreviate some of its text in order to make room for all the tools and buttons.
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.
PREFACE: A friend of Slope’s just wrote me and asked the group here to participate in a survey about how people judge stock trends (Slopers did the same thing a few months ago for the same chap on a similar topic). Fear not, it isn’t selling anything; it’s honestly just a poll. So here is the link.
Now, on with the post:
Now that I’ve exhausted every episode of Mad Men, I needed something else to entertain my brain while I thumb through charts. I landed on the massive Ken Burns documentary about the Vietnam war.
I am only three episodes into it, but I am fascinated by it and learning quite a lot. During the war, one of the companies targeted for protest was Dow Chemical, since they had an unfortunate affection for making napalm, which burns people to death in an agonizing fashion, with Dow cheerfully making cash off the transaction. So this didn’t sit too well with a few folks.
Next month, I am going to announce my latest & greatest book for sale, which I’m very proud of. One amusing thing that happened recently is that I got a proof copy from my publisher. I excitedly opened it and found…………well…………I’ll let the video show you. Today I got the replacement copy, which has some remarkable advantages over the first one.
JetBlue is falling hard this morning; you can see where it broke its symmetric triangle a number of weeks ago.
Last week I was looking at the high quality setup for a retracement but was looking for a modest move to the all time high retest on RUT before that got going. Today we are looking at SPX having gone considerably higher and at the time of writing RUT has still not delivered that full retest, though it came close at the high this morning. I did mention that the correlation between SPX and RUT tended to be rather variable.
Full Premarket Video from theartofchart.net – Update on ES, NQ, CL, NG, GC, SI, HG, ZB, KC, SB, CC, ZW, ZC, ZS, DX, EURUSD, USDJPY, USDCAD, AUDUSD:
I stumbled upon a news item last night about a man who had defrauded people – – mostly older people – – out of $100 million. He had convinced them that he would make regular payments to them as an advance against their forthcoming pensions. Apparently he already had a criminal record, and in spite of years of suspicions from attorneys general all over the country, he was only recently shut down.
What astonishes me is how he was able to pull off crime on such a grand scale with so little effort. The company was called FIP, LLC, and behold, now their entire website in all its glory.