I just won’t shut up about Ethereum, so here I go again: if it can break $1700, you will see the Animal Spirits change. Call it a hunch. Call it a wish. But I’ve got my SlopeAlert ready to tell me if and when it happens.
Set an Alarm
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.
Apple Channel Power
Whenever I’ve mentioned Apple, I’ve mentioned its broken channel, which is the most important feature of this largest-of-all-public-companies. I’m pleased to see that yesterday’s peak was the exhaustion point, and we’re reversing away from that very potent failed pattern.
Perfect World Repulsion
The symbol EFA represents worldwide equities outside of North America. There is a blue trendline that dates all the way back to the financial crisis bottom, some thirteen infinitely long years ago, and yesterday we did a PERFECT touch of the underside of that now-broken line.
Linear Relationships
Good morning, everyone. I am typing this post about 15 minutes after the release of the jobs report. I state that right out front since the markets tend to be especially volatile on days like this, please there are absolutely meaningless events – – such as the opening bell and the close of the European session – – which have outsized effects on the markets for reasons I simply cannot fathom. Having said, that, keep in mind these charts are merely a snapshot in time.
The immediate effect of the jobs report was that bonds took an instant tumble.
