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.
Peace has broken out, and equities are raging. As I said yesterday, my dream scenario would be for this whole Ukraine thing to exit stage right, not just because it’s the decent thing to want, but also because its presence utterly muddies the trading waters. In any event, my favorite chart EFA is looking sharp.
On March 29th, 2005, O.J. attorney Johnnie Cochran died. Moments later, the Slope of Hope was born. I don’t believe for a minute this was an accident.
I think my Virtual Trading Equity Curve pretty much tells the story: I peaked on March 14th and am down 70% since then (or about $400 billion). Hey, easy come, easy go. At least it’s fake! Let’s just say my real portfolio isn’t quite as aggressive.
The moment, and I mean the moment, there was chatter about $300 oil, you knew it was all over.
My apologies for the long wait between posts. I went out with some friends for the first time in two years on the first weekend in March and caught COVID, which has taken a while to clear. That wasn’t too bad and I’m clear now though I’m still feeling low on energy. Hopefully that will pass soon too.
I did post one of my premarket videos at theartofchart.net on my personal twitter on 16th March looking at the very large amount of bullish pressure underneath the market and wondering whether we would see a strong rally and we have since seen that strong rally, which has taken SPX back to main resistance at the weekly middle band. So what now?
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