The resistance was at that dashed line; and – – so far, so good.
I confess, it’s not exactly thrilling, but in this might-as-well-not-even-open market we’ve got, it’s worth saying something.
EFA Repelled Perfectly
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.
A Dozen Days
I can’t remember ever seeing anything like this before, especially with a huge ETF: for a dozen trading days, the NASDAQ 100 ETF symbol QQQ has been absolutely incarcerated in a teensy-weensy, tiny-whiny, itty-bitty little trading range. If the jackoffs in D.C. would actually get out of our way, this market could be a market again, but instead we have this absurd Kafka-esque fiscal nightmare.
A Mission Statement Can’t Save You
Put on your hip waders first………(click for easier reading, if you dare):
And how’s that going?
Yet More Shorts (by Xerxes)
My last post ended with a few continuing short ideas despite the grind higher. When relative weakness is still abound while the market grinds higher then it tells me that when the broad market takes a breather (or even, God forbid, maintain a decent downtrend for more than a few hours), then these should continue their weakness. Perhaps they won’t drop in any dramatic fashion, but should all experience decent profitable pull backs.
Who Watches Over You?
Good morning, everyone, and welcome to a new full 5-day week without any ridiculous holiday. It’s good to be back. Please note that the government’s efforts to strangle volatility out of the markets has met with glorious success, comrades, as we have matched the pitiful levels of Groundhog Day. We almost got a 16-handle out of this poor bastard as your tax dollars are devoted to strangling the life out of the free markets.
