This pair of candid shots were taken last night. I don’t think anything sums up the past month better. Ask me what happened in a few years.
One Month in a Nutshell
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.
Into Thin Air
This morning’s futures charts are a picture-perfect image of what the bulls want to see. We have the /NQ gliding effortlessly up to lifetime highs.
Run Over
I am the first one to share the news that I had a fantastic trading day. This is not one of those times. On the contrary, I got hammered by 2.56%, and I screamed in retreat from over 100% committed to merely 50%. The well-received CPI ran over me like a truck.
Gyrations
Although there’s no doubt that the bulls are absolutely stomping the bears this morning, the movement so far isn’t exactly definitive. Incredibly, the /NQ actually went red briefly during all the gyrations following the mild CPI report. As of this moment, the /ES and /NQ are both up half a percent while the small caps are up more strongly at one and two thirds percent.
Immediate CPI Reaction
The CPI numbers have hit, and for the first time in half a year, the expectation actually met reality.
