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.
Remember what happened back on February 20th? Yes, you’re right, the highest prices for equities in the history of the world. But something else, too: it was the day that the geniuses at Morgan Stanley paid a huge premium to purchase what is agreeably one of the lamest online brokers ever, E*Trade:
Welcome to another limit-down Sunday.
For years now, there’s been a website that allows for “weekend spread betting” on markets, most particularly the Dow Industrials. I had seen this site years ago, and at the time, I thought it was a pretty poor proxy of what actually would be happening when the GLOBEX opened each Sunday evening. I actually forgot it even existed.
A month ago, I was reminded by a trading friend about the site, and it’s been my “go to” site every weekend. Folks on Twitter have been asking me about it, and I’ve been praising its accuracy.
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There is one “green shoot” in U.S. markets as of Friday’s close.
The following heatmap shows the percentages of stocks within the Sectors and Major US Indices that are currently trading above a variety of moving averages.
The one “green shoot” is the percentage of stocks in the Energy Sector now trading above their 5-day MA…a refreshing change in a constant sea of red for the past weeks. The heatmap shown in my post of February 29 was completely devoid of any green.
(more…)Using the custom symbol feature in SlopeCharts, I enjoy looking at ratio charts on occasion. Here are some updated charts of some of the more interesting ones.
Here’s the small caps versus the S&P 500, showing how much weaker the Russell has been during this disaster:
