In exchange for working 365 days a year, with no vacations, and with the majority of my readers paying me absolutely nothing (not even having to endure ads), this is typically the thanks I get (this one from Twitter):
Bourbon Street
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.
Underwater In A Bear Market?
Life Found a Way
As if the outcome about Rolo the Dog wasn’t enough, I have another quick anecdote.
A week ago, I did a post called Nest of Vipers, which was about the real-life morality play going on in which yellow jackets were viciously killing my honeybees and taking over their hive. I have a bee-cam and, during my week away, watched helplessly as the bastards swarmed in and raided the place, taking what was not theirs, and murdering my beloved bees. I was heartsick all week over the situation, and I had already plotted my ideas about how to go completely medieval on those creatures including, but not limited to, fire.
I started off early in the morning, immediately after my return home, blasting the hell out of these bastards with a chemical spray which, for whatever reason, is illegal in California (I smuggled it in from North Carolina by way of my checked baggage). I zapped ’em, one by one, and they approached the hive, and, yes, I said some colorful things to them as I killed them off. Arrghhhhhhhhh!
(more…)No Such Thing As A Sure Thing
On Friday morning I was writing that SPX went back onto my Three Day Rule on the break back over the 5dma at the close on Thursday night. Under that rule, if either of the next two closes delivers a clear break back below the 5dma, then the prior low, in this case 3491.58, will be retested before the prior high, in this case 3806.91. There was a clear close back below the 5dma on Friday, so that is a fix on the rule.
Now this is the most impressive performing market stat that I have ever seen anywhere about anything. There have been nine previous fixes so far in 2022, all of which made target and I’d estimate somewhere in the region of 100 – 200 fixes since the start of 2007, which is as far back as I looked when I first investigated this in 2011/2. With a minor rule fix in 2019 requiring a clear close below the 5dma for a fix, every one of those has made target barring a couple of very near misses when a triangle has been forming at the low.
(more…)The British Muppets
And so ends the most boring trading day of the century. We’ll lighten the mood – – ‘cuz I’ve got zilch to say – – by honoring the country which is, for the moment, driving every equity on the planet, evidently.
