The bulls are still firmly in contract of the equity markets. In spite of its statistically-sound reputation as the worst month of the year for stocks, September has, so far, done nothing but good things for bulls. Just look at these major indexes below to see how well-formed these bullish patterns are, and how none of them shows any sign of slowing down, much less breaking.
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.
This remains a dreadfully drama-free market. As I type this, the ES is down all of 8 hundreths of a single percentage point. Whoop de freaking do.
One bit of obsession for me remains the Dow Utilities, on which I have an obscene number of January 2019 puts. Today, for the first time in months, we’re causing a tiny bit of damage to the ascending trendline. Nothing definitive, but it certainly helps.
With a fresh bee sting on my cheek, I thought I’d tell you what I’ve been up to this morning. Specifically, this: