It was brought to my attention yesterday that folks were having some issues with the McClellan Oscillator and the McClellan Summation. These are both working smoothly now!
McClellan Back from Heaven
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.
Electric Death
The Tesla wanna-bes, whose principal feature was that they were not associated with Mr. Elon Musk, look to be at death’s door. Keep in mind, this is in the context of a totally fake bull market. In an organic market, they would never have even been incorporated in the first place, let alone gone public.
Me Talk Pretty One Day
I have worked with computers for 44 years, and I know a lot about them and their limitations. I always find it amusing when people think about how computers, robots, and AI are all going to rule over us. Listen, people, computers BARELY work. We’ve been tinkering with these things literally for a century, and they are held together with baling wire and scotch tape. You have NOTHING to fear.
Just this morning, I was typing a post, and I misspelled the word “manufactured“. It was just a little bit off. So what did the super-smart computer suggest as the proper spelling?
Ah, yes: “manufacture red.” There’s a pair of words used together CONSTANTLY. And this is nothing compared to the suggestions I’ve seen on iPhone, which are usually words so arcane that even I have never heard of them in my entire life.
My point is: computers are idiotic. You have nothing to fear. Nothing.
Flop Sweat on XLE
The energy ETF symbol XLE had a price gap yesterday. It has maintained this price gap, and I would suggest this as a bearish position, using the violation of the price gap as a stop-loss. A real breakdown will take place if and when the supporting trendline is pierced.
Cherry-Coloured Funk
Shame on me. As the markets exploded yesterday for positively NO reason whatsoever (except Fed jawboning), I wanted to make my short positions even more aggressive near the close, but I chickened out. The /ES ripped almost 100 points higher (again, for NO reason), moving the market from Laughably Overvalued to Insanely Overvalued, and I didn’t do anything about it. It’s no shock that all the equity futures are down right now, but let’s none of us forget the (fake) CPI numbers coming out Thursday morning. That’s a big risk.
