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.
If you want to see how silly this entire week has been, look no further than ARKK, Cathie Wood’s flagship fund. This fund, which has been made famous for being a total catastrophe, has batted 1,000 this week, climbing heartily all five days in a row.
When in Rome, right? Here are the five components of my Bull Pen, all of which are up today, thanks to the perpetual bid from our friends at the Fed.
The first four days of this week were the exact opposite of the four-day trading week that preceded it. If I may speak eloquently on the subject, this completely sucks for a swing trader like myself, because virtually all the good done last week was neutralized. It would be nice to get a down move that lasted more than, oh, let’s say, a couple of days.
I’ve plucked out some ETF charts below that illustrate something rather consistent: (a) a recent peak (b) last week’s drop (c) this week’s recovery (d) the present price position just underneath a small zone of overhead supply, which is what constitutes resistance. We start with global equities:
Whoops.
