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.
Time for an anecdote. Because some days deserve it. This one certainly does.
And by “day”, I don’t mean “Sunday” or “Monday.” I really mean the period between Sunday afternoon and Monday afternoon. That 24 hour block. Because there was a lot compressed into it.
To set the scene: I had spent the last several days in Kansas City, Missouri. As with virtually all my destinations, it was not particularly by choice, although the city does have a few charms of its own. During my time there, at which I was accompanied by my family, the firestorms in California were all over the news. The entire state was shrouded by a thick layer of unhealthy smoke.
One of my beloved children and I were slated to head back early, on Sunday evening, abandoning the rest of the family. My wife insisted that the aforementioned child stay away from the smoke, and she strongly encouraged, almost to the point of insistence, that I remain as well. However, I really wanted to get back home, smoke be damned. I wanted to get back to my computers, my screens, my dogs, and my super-high speed Internet. I would see the family soon enough. (more…)
My post of October 11 mentioned that China’s Shanghai Index broke below a major monthly swing low level of 2638.30 and that it could be headed for its next major support level at 2260, or lower.
Since then, price has fluctuated in both directions and has been attempting to stabilize, but remains just below that former swing low…a potential major inflection point.
Overlayed on all of the following three charts of the USD/CNY forex pair is the Shanghai Index (shown in pink). After price peaked in January of this year, it began an 1,140 point decline, in divergence with a rally in the USD/CNY. (more…)