Once again, allow me to self-congratulate the post title. C’mon, that’s a good one!
SlopeCharts has another new study.(more…)
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.
Having endured the nonsensical rally from yesterday, I was pleased to see us sink again today, because the broken trendlines are absolutely picture perfect in form. It’s because of these trendline failures that I was comfortable pushing into more short positions during the strength.(more…)
Interesting how the overall market, represented here by SPY, is so cleanly range-bound by its moving averages. The 50/100/200 are shown below, and with a lack of major news to jolt the market up or down, we’ve been spending the past few weeks bouncing with eerie predictability.
Without exaggeration, I truly find recent recent business news to be stomach-turning: