Some folks have mentioned that crypto seems to lead the way when it comes to equities. Looking at $BTC and the SPY, it seemed to me that, nah, the correlation really isn’t that strong.
Crypto Correlation
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.
Rough Seas
Just look at the past sixty trading days on the SPY. Spot a trend? Nope. There isn’t one. just a tug-of-war going on between the forces of realities and the forces of Fed-fraud. If you’re feeling seasick, you’re not alone.
Overseas Channel
For a full year now, the emerging markets fund EEM has been following a relatively smooth descending channel, bouncing between support (green line) and resistance (red line). It doesn’t always make it all the way to the line, but there’s no doubt that, with all that has happened over the past twelve months, EEM has been pretty predictable with respect to turning points. I’d say it’s getting close to resistance yet again.
Tight Pants
The expensive workout clothing maker lululemon (LULU) has been slipping for many weeks now. It has completed a rather larger reversal pattern and today is mushed right up against its price gap.
Gaseous Anomaly
My Gas Ready to Rock post of January 7th certainly has been a screaming success; the arrow marks the time of the post.
