I should probably be embarrassed at how much fun I had going through the economic charts in SlopeCharts over the weekend, but damn it all, I won’t be. I’ve extracted some of my favorite charts from the old United Kingdom data, which as an amateur historian I find absolutely fascinating. Just look at the charts and imagine what was going on during the time, whether it was the American Revolution, the worldwide Depression of the early 1930s, or either of the World Wars. Mesmerizing! (As always, click on any chart for a MUCH bigger version, and you can take note of what it is you are looking at by the title in the upper left corner).(more…)
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.
Topping Is A Process
In my premarket video this morning I was looking at key support and resistance to define what we were likely to see on SPX this week. Resistance I put at the new weekly pivot at 2907.7. ES was opening the week below this and if that held as resistance, then this swing high might be behind us. That has not held as resistance, ES is back above it, at 2910 at the time of writing, and WP is currently holding as support. This opens a very possible retest of the 2019 high and likely at least marginal higher high above that.
ES Jun 60min:(more…)
Well Worth Watching
I was hesitant to spend two hours watching the Theranos document, The Inventor, which is available on HBO. However, three-day weekends tend to be boring for me, so I broke down and watched it. Here’s the trailer.(more…)
Small Cap Trendline Break
Enjoy a Big Mac
Welcome back from the holiday, Easter Worshipers. I wanted to share a couple of shorts with you among my 50 holdings. The first is Big Lots (symbol BIG), which broke its long-term trendline a while ago and retraced to its topping pattern.(more…)