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.
I think natural gas is going to be “the new IYR” for me, as the one that got away. This long-term cycle was absolutely glorious, and even with energy ripping higher today, natural gas is getting beaten to smithereens. I hope some readers here took advantage of my insight, because I sure never do!
One of the great ironies of this life is that everyone considers themselves a “contrarian.” And why wouldn’t they? Would you prefer to say, “Oh, I’m a mindless sheep that just follows the crowd.” But that’s what almost everyone is. Their inability to utter those words is another thing which makes them all the same.
Here is a layered chart you won’t see anywhere else on the planet. The blue line is the INVERTED SPY. The grey line is the PAID SUBSCRIBERS to my beloved Slope. The correlation is as plain as can be: when the market strengthens, people ditch me; when the market weakens, they embrace me. Because…….”contrarians.” Pretty funny stuff, really……….
The OPEC meeting is this Wednesday, and it’s already been loudly telegraphed that they’re going to dial back on production. This has oil futures vaulting higher this morning by 5%.
