The misery index – – chartable, of course, with my superior SlopeCharts creation – – has been nothing but good news for our really smart, super handsome high-achieving President. Did I mention how smart he is? OK, good. Just want to be clear on that. Seriously.
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.
Milquetoast Goofus
Since everyone in the country is watching Dr. Ford, I’ve put together a just-for-fun post. I also want to encourage you to check out Slope this afternoon, because I have created Yet Another Awesome Feature in SlopeCharts that you should know about.
As a little kid, one of my simple pleasures was Highlights magazine. Most of you probably remember this, since it was a staple at most pediatric and dental offices. The part I liked the most, of course, was Goofus and Gallant. I was a really good kid, but I guess I had a prurient curiosity about what a nasty kid like Goofus would be up to. Whether he is demanding to be fed….….
Cramer’s Most Idiotic Idea Ever
Someone brought to my attention that none other than Jim Cramer – – who, inexplicably, is considered some kind of stock market god – – strongly suggested everyone buy Sears back in 2007, calling it “the next Berkshire Hathaway”. It looks like he made this urgent “buy” suggestion at pretty much the millisecond the stock peaked. It is down over 99% now. I wonder if they ever mention this on CNBC?
Pot Pop
On University Avenue, in downtown Palo Alto, a store opened up about a year ago called David’s Tea. As much as I like tea (particularly a chai latte), I’ve never walked into the place. It looks like a makeup store to me.
In any case, I had no idea they were public, but apparently they are with the ticker DTEA. Here is their chart’s recent history. As you can see, something rather unusual happened recently.
Gold Can Still See a Lower Low
The Fed controls the gold market. The manipulators control the gold market. The “swaps” control the gold market. The hedge funds control the market. Yes, I have heard about how everyone is controlling the gold market.
In fact, I even hear such ridiculous statements as, “The banks are pushing us down so that they can buy at lower prices.” The problem with this is that the banks have been long for weeks – yet they are still pushing us down?
There is so much misinformation about the gold market, it is truly astounding. A new investor into this complex is probably reeling from all the garbage that is being presented to them about how this market works.
But, I have news for you. This market works just as all other markets work. Once you can calculate appropriate support and resistance points, and understand market structure to identify which one is going to be targeted next, that is all you need to know to understand how to trade the market.
