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.
I wanted to point out an exceptionally important trendline for the emerging markets, shown below via instrument EEM. Notice how this line represent resistance for many years (magenta tints) and then has changed to support (green tints). That’s precisely where we are right now.
A couple of nights ago, in a short post called It’s Quiet, I wrote, ” My spidey-sense is that it’s not going to be this painless. I am frankly stunned and how lackadaisical the market is being about this entire affair, yet as I look at the chart above, I simply don’t think it’s going to hang around at 14 forever with its thumbs in its pockets. Another shoe is bound to drop. “
Although “Spidey Sense” isn’t a widely-known technical indicator (not even in my cherished SlopeCharts), my intuition seems to have been correct. The shame of it is that we can’t behave like this is a normal market where we can do our analysis, get into our positions, set our stops, and move on with our lives. No, instead, we have to constantly be looking behind our backs from moronic amoral criminals like Kudlow and Mnuchin for their next effort to prop up this utter fabrication.
Perhaps it seems like I’m making this up as I go along, adding feature after feature all willy-nilly. Believe it or not, I actually have a plan in mind, and we’re getting there one baby step at a time. Here’s another step, and I assure you, this is the start of something much larger.
SlopeCharts now has a one-of-a-kind way to represent the options contracts that exist for a given financial instrument, and we call them OptionDots. To use them, just click on the Delta symbol (that is, the triangle) on the row of SlopeLinks: