What a surprise. A “V” bottom just moments after the markets opened. The markets have changed from crashing to all-green. Disgusting!
Missing the Moment
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.
Closing Winners on a Down Day
How About That?
I truly enjoy writing (said the man unnecessarily who started getting published at age 15 and has written twenty-five books, including a 568-page novel, a full-length screenplay, and 50,000 blog posts). But I gotta tell ya, it’s getting increasingly difficult to write about this so-called “market”. There are only so many things a person can say about lifetime highs. “Wow. Goodness. Gosh, it’s even MORE over-valued! How about that?” It gets old.
In that vein, every single index chart looks identical: that is to say (i) a long ascending trendline anchored to April 7th; (ii) a failure; (iii) nearly daily higher closes, typically representing new lifetime highs; (iv) all the while getting closer and closer to the underside of the broken trendline, which now represents resistance.
CPI (Finally)
As we approach a full month of the government being shut down, we find ourselves living in a data desert. A rare exception came this morning in the form of the Consumer Price Index, which was a little lower than expectations.
Elladium
Well, Slopers, the founder of this site has once again proved his nature of “Amazing Chartist/Horrible Trader” by scaring himself out of the amazing PALL position (palladium) once more. Yesterday, for no logical reason, but based only on spooking myself that precious metals had gone up so much and surely would fall soon, I dumped my entire PALL position at a nice profit (arrow marks exit). Let’s just say the nice profit got a lot nicer. As I’m typing these words, Palladium is up about $100 more just overnight. Jesus, I’m dumb. So, so, dumb.
