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.
We haven’t looked at cryptos in a while. My general point is a simple one: they seem to have found (or “discovered”, as the economists would say) their price. Funny how that works, when a government isn’t trying to manipulate prices.
But the fact is that the entire crypto experiment seems to have sort of wheezed and gasped to a natural price point. Just look at these formerly dynamic charts and how they’ve all snoozed their way to a steady price point.
Along with being Slope’s founder and owner, I’m also the proud and solo individual who actually admits to any losing trades. And today stunk. I still held on to some of Wednesday’s profits, but Jesus H. Christ, man, I was NOT expecting this.
Looking at the Powell belly-flop yesterday (see emphasis below), I seriously thought we were done with the 40-point range I keep talking about.
The offerings on Slope are getting so extensive, it’s very easy to forget some of the goodies that are available to you. The Sector Performance page, for example, is a good one to swing by to see what the broad trends are, including intraday. This also illustrates why I’m so fond of financial shorts these days, because it’s just about the only area that isn’t muscling higher.
I was originally going to title this post “The Thin Blue Line“, because there is a horizontal on the /ES that I’ve mentioned multiple times over the past week as being an important S/R delineation. The post-Powell flame-out – – a humiliation the man probably doesn’t even realize yet – – can be thanked.