I hate to say it – – and I’m probably the last one you expect to say it – – but indexes looked poised to go roaring higher if they get a reason to do so. There are just too many broad bullish setups. Such as retail:
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.
Small Caps: To Infinity and Beyond
Well. Here we have it.
Poised For Punishment
First, if you haven’t done so already, please please please fill out the SlopeCharts survey. It only takes 15 seconds, and it will really help me improve the product. Or if you aren’t familiar with SlopeCharts, click here to give it a try.
As for the markets, the bears (like me) have been getting their heads beaten in every day since May 3rd. No matter what the news is, good, bad, or inconsequential, the markets go up. Even if there is a big drop during the overnight session, it’s long gone by normal trading hours. I see no reason for this to change.
Trump is utterly unpredictable, and who knows what this NoKo Summit will bring. But at this point, he could throw cold water in Kim’s face, flip him off, storm out of the room, and the market would STILL rally due to Trump’s “bold stance”. More likely it will be all love-dovey, this-is-the-end-of-history, we’re all friends, and they’ll issue a glowing press release. The point is that bulls are going to keep getting handed free money with no risk. (more…)
Reversi
I won’t pretend to not be disappointed. A nearly 30 points reversal on the ES………..
