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.
While doing my end of week market reviews over the weekend, I noticed that the close Friday, Nov 13th had extremely strong Moving Average Breadth, that is, high percentages of stocks above 20, 50, and 200 moving averages. This got me very curious so I went back to 1999 (as far back as %200MA numbers go) to compare similar market conditions.
I set the criteria at an extreme level of >85% intentionally to ferret out how common this was. Truth is, it is a very rare condition for all three to be true. I felt the study would be more helpful if I expanded my markups to slightly relaxed conditions. Met criteria are in blue, expanded criteria are in gray.
I’ve got to say, I am utterly annoyed with so-called “precious” metals. One would think that, at least in part, the forces behind the explosive rise in cryptocurrency values have the same effect on gold. Nope! Bitcoin, shown below, is exploding higher, whereas gold is just sitting around picking its nose. The metaphor is just as repulsive as gold’s lackadaisical behavior.
Dick’s Sporting Goods went up almost 400% from March to October. I guess there’s going to be an insatiable demand for volleyballs any minute now. In any case, this company certain has a history of “rolling over” into meaning tops and then doing the plunge-a-roony:
Whenever I use SlopeCharts, I always use the Full Screen mode. We have now added a new item to Preferences so that you don’t have to bother choosing the full screen each time. Instead, it’ll simply show up that way the moment you load the program.