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.
One area that’s been doing rather well on the short side, for whatever reason, is cruise lines. Royal Caribbean is a good example. Take a look and the multiple tinted instances of major reversals, as well as the most recent breakdown of a huge wedge pattern.
I was telling my youngest child how cool it was to be in such a different time zone, since the family could have my full attention during the daytime and I could work at night. “But when are you going to sleep?” Hmm. I honestly hadn’t thought of that.
Anyway, in the overnight session, as pleased as I was to see the ES down 13 points or so, I figured “this is all we’re gonna get”, since we were approaching a support level. (Take note of how the fabled land of 3,000+ on the S&P swiftly faded).
(more…)Rev can talk about something other than gold? Yes, yes he can… When’s the last time you looked at lumber prices and their implications on interest rates? There’s a correlation? Yes, there is.
First, let’s take a long term look at lumber prices. Below is a ten year chart of lumber prices. From their early 2009 bottom at 137.9, lumber prices rose steadily, but not dramatically for the next few years. However, after their 2015 bottom, lumber would start a three year rise that would culminate in their 2018 blowoff top at 648.5.
(more…)Preface to all editions: I have been in “I can’t believe I forgot this was on Slope” mode quite a lot lately. If I can’t remember all the cool stuff, surely some of you may have forgotten too! In that spirit, here are some reminders:
