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.
Well, this is irksome. “Virus Optimism” keeps pushing the market higher.In just a few weeks’ time, about 6,000 Dow points have been slapped onto equities. We haven’t violated any key resistance levels, but I’ve got to say, I’m annoyed. I’ve beat a hasty retreat from 150% committed to 75%. This fact probably assures we’ll start plunging on Thursday.
SlopeChartshas thousands of fascinating charts in its economic database. Here are some interest rates I found especially fascinating, illustrating some of the craziness of the past six weeks. Click on any chart for a bigger view, particularly since it’ll let you see the title of what you’re looking at.
If I were to look at the chart below with no idea what it represented, I would call it a very strong buy. It has a long, well-formed base. It has surging volume in all the right places. It had an enormous breakout and a successful retracement without violating its breakout. Basically, it has everything you’d want to see when you bought a financial instrument.