If XLE (the energy fund) isn’t the most screamingly obvious short in history, I’m not sure what is.
Now or Never
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.
Paypal, Meet MySpace
In the early days of the Internet, there’s something that didn’t make sense to me. MySpace. More specifically, why MySpace was such an insane success. It was the hottest thing on the web, and it looked absolutely hideous. Gross. Horrible. Like garbage. And yet people still flocked to it. It was worth hundreds of millions of dollars, and it looked like a steaming pile of dog crap.
So Far So Good
In my last post I was talking about an SPX target in the 4500 area as long as SPX stayed under the daily middle band. Since then we saw a short lived break above the daily middle band but SPX failed to convert that back to support and has delivered a new retracement low today.
I would note the open daily RSI 14 sell signal that I am expecting to reach at least the possible near miss target at 34-6 on the RSI 14 by the end of this move.
(more…)SlopeTalk Fonts
A minor improvement to mention about SlopeTalk, but one some of you will really appreciate. Now, in Preferences, you can select the font style and size of all the text.
For some folks, this means that not-quite-perfect eyesight isn’t an issue, since they can make things much easier to read. For others, it means the opportunities just to be goofy…………
(more…)Vital Idle
Today was a wickedly important today. Unlike last week (both Monday and Friday), we didn’t get the complete sham of “down hard in the morning, up green by the close” nonsense that the fraudsters at the Fed shoved down everyone’s throats. We got an honest-to-God down day with some important failures. Let’s review.
First, we have the Dow Jones Composite which has FAILED ITS UPTREND. Huzzah!!
