One image says it all…………
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.
Buyers for Fliers
When’s the last time we had a down Monday? I think it was back during the Rutherford Hayes administration. In any case, the BRRRR magic is still working wonders. No need for fancy tools, folks. Just place a case knife on your screen and you can envelop all the price bars as they ascend.
The Fed Algo
It’s becoming screamingly apparent that the Fed, in its efforts to utterly destroy the price discovery mechanism of the markets, will buy equities any time there is even the tiniest selloff. It’s happening day after day. Indeed, today is the TENTH DAY IN A ROW of the ES being positive. You think the government might do something if this was the tenth day in a row of stocks falling? I sure do.
Take small caps (please!) Look at the sell-off that took place in early trading:
NC-17 Horror Movie
Parvus Sed Potens
Yeah, that’s one of the bits of Latin I remember from back in high school. It means “small but powerful” which, regrettably, describes the small caps. It’s been an absolute heart breaker. If it pushes above the horizontal, the bulls will simply have more wind blow into their already very-full sails. Groan.
