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.
This is a pretty thin reed, but I’ve got nothing else to say, so I might as well proceed. After all, how much ink could I possibly spill about a day in which the S&P futures went up 0.11%?
Anyway, before I went to bed on Sunday night, I noticed the small cap futures (/RTY) had found support at about 2071. It had, just as what happened back around January 19th, February 10th, and February 15th, pushed itself into the highest echelon of its multi-month range and was levitating above the apparently magical 2071 level.
Apple is the king of kings, and host of hosts, when it comes to equities. Break this stupid thing, and the whole world falls apart. This channel is terribly important. Take careful note of the series of lower highs WITHIN the confines of the ascending channel. The notion of the market making all time highs from these levels seems, to me, unlikely. It’s all up to Apple. It is the ultimo hombre.