I guess the market can’t do dick without data. This is so boring.
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.
The Ghosts Of Christmas Past
There’s been quite a bit of speculation about a possible bear market low having just been made at the last low, and that is technically possible, though I think rather unlikely. More likely is the possibility that SPX is returning to retest the all time highs to make a second high on a huge double top pattern looking for a retest of the 2020 lows, but even that is doubtful in my view. I think that if the high had been going to get a retest then the rally that ended at 4326.28 would likely have continue higher into that then.
(more…)Betting Against Gold Miners
Linear Thinking
Good morning, everyone. Well after the disappointment on Monday (plunging Sunday futures followed by explosive green streak), on Tuesday (higher all day long), and Wednesday (plunging markets earlier, then an hour after the open, massive bull move higher), I am utterly skeptical of anything I see in front of me. As I type this, nearly two full hours before the opening bell, the entire screen is red, and it doesn’t mean a damned thing. I will only note that, in recent days, the 3802 level on the /ES remains sorta-kinda decent resistance.
