As volatility gets crushed to the lowest levels of the year……..
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.
One Main
Another killer day for the bulls and horrid day for the bears. One holding that’s behaving itself is OneMain Holdings (OMF). At this point, all my options – – every single one of ’em – – expire in 2023.
The Long View of Recessions
Ya know, I really wish they’d trim the majority of the Covid bust and boom, since it really screws up the chart scaling. Anyway, this is an interesting post-WW2 view……..
Retesting The Upper Band
This is likely my only post this week, as I was wiped out by food poisoning on Sunday night, and while I’m feeling much recovered, my total food consumption so far this week is one hard boiled egg, a tortilla wrap, some houmous to go with the wrap and half a cookie, which is slim pickings. I’m cautiously considering possible menu items for today.
On to the markets though, and the H&S setup I was looking at yesterday morning in my premarket video at theartofchart.net I posted on my twitter failed and on the break over the right shoulder retested the rally high as expected (after the fail) and went a bit higher. So where does that leave SPX now?
(more…)Delighting in the Demise
Well, there’s the GDP, and it’s negative. I only watch CNBC eight times a year – – that is, before and during the FOMC circus – – so yesterday, as I was watching, I could not believe how many experts were coming out and saying that the GDP would be modest, but positive. It all goes with the everything-is-always-great narrative that, evidently, some Slopers embrace. But it was a big miss. Here we see that the last two quarters were not only a miss, but also a substantial delta from their projections.
