I’ve seriously never seen the /NQ futures look like this. It’s a perfect symmetric triangle, and it’s just kind of dying to a flat line. One thing’s for sure: next Tuesday morning is NOT going to look like this.
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.
Desperately Seeking a Bottom
If we imprisoned all the white collar criminals, charlatans, and financial scumbags over the last twenty years, I would finally go long something, which is private prisons. I suspect the quantity of the aforementioned categories is well into the hundreds of thousands, and among these are the crooks from Carvana, which pushed their crap business model onto the public during the fake Covid bull market. Needless to say, the delighted executives cashed out big-time, sucking billions of cash from dim-witted investors who listen to the likes of Jim Cramer and consider him intelligent.
Here is the public reporting of buys (blue bars) and sells (red bars). You will kindly note the paucity of blue.(more…)
Gas Finds Support
Wish I’d Seen This Last Night
We’re going to be FINE.(more…)