Well, it was lifetime highs everywhere you turned (again) today. The NQ blasted hundreds of points higher for nine hours straight, getting back to last Friday’s intraday peak.
Lifetime Highs (Again)
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.
Liquidity Look-See
As we amble into what is bound to be a languorous trading environment until next Monday morning, here are the updated charts from the Fed. QT continues apace, with Fed Assets approaching the levels of four years ago:
Oil Index Top
Here we see the oil index symbol $XOI which has broken below its top, retraced back to resistanec and, I believe, is ready to swoon lower. I own XLE puts to exploit this idea.
Still Lofty
The indexes remain unbroken, unfazed, and, for the ursine types, un-bear-able.
Red-Hot Vermont
I visited Vermont only once, when I was a kid, but I fell in love with the place. It looks like everyone else is waking up to the beauty of the state, as it leads the way in housing price gains.
