Precisely one month ago, I did a post suggesting shorting Tronox. Here’s the image of the suggested pathway made at the time:
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.
Quarter Pounder
Now that Q3 2018 is in the history books, I thought I’d take the unusual step of using the SlopeCharts granularity function to examine cruder charts. Instead of daily data, we’ll look at quarterly. That might sound like a huge drawback, since the vast majority of detail disappears, but that’s also kind of the point – – having a cruder view can often lead to simple insights.
The simplest insight of all is……....the bears don’t have anything to be excited about. Just about every equity index says the same thing: persistent strength, year after year, and if anything, Q3 got a big breeze at its back on the heels of a relatively weak Q2. One look at the chart of the S&P 100 says it all. Can anyone spot a trend here?
Candlestick Preservation Society
Yesterday, I announced the new SlopeCharts feature called Candle Hunter. I wanted to let you know of a small but important enhancement we’ve made (and, as I suggested yesterday, there are many candle features to come, assuming people like this stuff).
As it is now, you will see all the instances of any given pattern(s) you are “hunting”:
Autumn Cocktails
Where’s That Time Machine?
This is the kind of gain options traders dream of – – $6,000 in value yesterday, over $1 million today.
