OK, OK, the bass obsession is getting to be a bit much, I know. Still, this is what I’m listening to right now as I’m going through all my charts and updating my stops. I find it oddly soothing.
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.
Maybe it’s my imagination – – or, better yet, maybe one day I should just analyze it scientifically – – but doesn’t it seem every FOMC week is the same? Specifically:
- Day by day, the market creeps up higher as Powell approaches;
- The bastards at the Fed do their stupid announcement, and the market lurches a bit, but gets on its feet and really starts climbing;
- Powell answers softball questions (or ducks hard ones), and the market by and large holds strong right until the close.
- The next night, the world realizes the man doesn’t know what the hell he’s doing, and it sells off.
Indeed, the Russell (/RTY) got terrifyingly close to a breakout yesterday (circle) but retreated.(more…)