Everything about the XOP is screaming “about to roll lower”:
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.
As You Were
A-tennnnnnnnnnn-shun! At ease, gentlemen.
On this, his/her last day on the job, we all bid a fond farewell to THE ADMIRAL, who has seen us through good times and bad. Regardless of your opinion, each one of us has to admit: she was quite a guy.
Staring at the Ceiling
If you look at Slope’s trading rules, number VIII (that’s 8 for you non-ancient-Romans) reads as follows:
VIII. EMOTIONAL AWARENESS IS YOUR GREATEST ASSET – Feeling super-confident and giddy? You should probably be in all cash. Feeling demoralized, frustrated, and out of synch? You’re probably close to a great entry point.
Hmmm. How has the Timster been feeling lately? Demoralized? Check. Frustrated? Check. Out of synch? Czechoslovakia. That’s probably why I woke up at 3 in the morning and stayed up until I got up.
(more…)Bitcoin Breaking Key Resistance
In my last post on Monday I was looking at the bull and bear scenarios on the big three coins that I cover, with particular focus on the strongest setup on Bitcoin (BTCUSD). I was also noting the similar setup on equity indices at the same inflection point, which is important as both Crypto and equity indices have tended to be significantly correlated in the past, and there is no current sign that is different here.
Since then both Crypto and equity indices have rallied strongly and are both reached yesterday the verge of a final break up that would look for retests of many of their all-time highs.
(more…)I Solemnly Swear……
Stock futures have been creeping higher all night long, and about an hour ago, they put on their turbo-boosters.
