I have learned through hard experience not to get excited about Sunday night futures action. Time and again, it looked like Monday was going to be absolutely dynamite, and yet it would always turn out to be an agonizing disappointment. On that cheerful note, let me not waste time cheering on the red quotes on the screen in front of me this evening and simply share three videos from this weekend at our mountain home with my beloved pack.
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.
Prime Cut ETFs
Too many of the ETFs right now can only conjure up the reaction, “Wow, that’s just nuts. I wonder if it’ll ever stop going up, or what?” That’s a silly waste of time, so what I’d like to do instead is focus on the charts which, even given recent circumstances, still presenting exciting and intriguing risk/reward ratios.
First up is EFA, which I am short. There are three exceptionally cool things about this chart. First, Friday’s action formed a beautiful shooting star reversal pattern. Second, the price peak on Friday was precisely below the broken trendline. Third, the price peak also came deliciously close to an important price gap. This is just a dynamite combination.
Futures Charts Highlights
Let’s thumb through a few interesting continuous commodity charts, shall we?
Starting with Bitcoin, this is still a honey of an H&S top. As wrecked as so many index charts are these days, this graph is a true breath of fresh air. That price gap at $81,000 is key, although I’m not sure it’ll even recover to that degree.
Suffer!
Our Sunday sermon is going to be about something I think about quite a lot, which is the nature of suffering. Let us begin our examination of this topic with some notable precepts from various world faiths.
Buddhism
The First Noble Truth (Dukkha) describes suffering as a fundamental reality to be understood and overcome: “Birth is suffering; ageing is suffering; sickness is suffering; death is suffering; sorrow and lamentation, pain, grief, and despair are suffering; association with the unpleasant is suffering; dissociation from the pleasant is suffering; not to get what one wants is suffering…in brief, the five aggregates of attachment are suffering.”
