OK, this is just getting silly. As of this writing, this is the FIFTH time the /ES has approached 2825 and been repelled (I emphasis “as of this writing”, because I realize it could blow right past it at any moment…….but still!)
Circus Tints
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.
Parental Perspective
You’ve almost certainly been reading about the college cheating scandal, which broke yesterday. This is an intensely personal story for me for a variety of reasons:
- My eldest child completed the college application process this year;
- I live in the Silicon Valley, where get-ahead-at-any-cost is the mantra of so many parents;
- There are local parents who were arrested in the scandal;
- My values are absolutely anchored in meritocracy
Let me say at the outset how thrilled and delighted I am to see a government agency actually accomplish something. The fact that these rich, out-of-touch, self-entitleddimwits have had their lives instantly ruined thrills my soul. What I would have given to have seen the look on Felicity Huffman’s withered face when they slapped the cuffs on her. Boy, oh boy. To say nothing of her husband, William H. Macy, an actor I used to respect.
(more…)Unstoppable Utilities
In the midst of a generally strong market, one sector which is especially – – and relentlessly – – strong is Utilities. Below is the Dow Jones 15 (better known as the Utility Index), and even over the course of the past decade, it has steadfastly marched within its ascending channel, and the most recent four years with an even more pronounced angle.
Power Thrust
It’s been an absolutely explosive rally today, and as of this moment, we’re getting dangerously (or tantalizingly, depending on your perspective) close to a breakout, where that line is drawn.
The Bare Essentials
Good morning, everyone, and welcome to Wednesday. In spite of another everything-is-green nighttime session, I continue to beat my XLF drum, as I consider it a critically important chart to track. This ETF, which represents financial stocks, continues to grind its way through what I contend is a momentous (albeit glacially-slow) topping pattern.
