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 cannot help but express my delight at having real infrastructure again. I spent the entirety of Monday flying back home, and while I am accustomed to Internet connectivity that is similar to a firehose, I have to satisfy my data needs with a tiny plastic straw that had a kink in it. I wound up sleeping through most of the trading day, as there was little to be done.
I did an ETF roundup over the weekend for our gold and diamond members, and in it I highlighted crude oil’s vulnerability to a downturn, based principally on its approach of an important price gap. I was pleased to see that panned out nicely, with crude withering away persistently.
The quotes are pleasantly red this morning – -ES down, NQ down, YM down – but one in particular is getting zapped particularly hard, and that is CL, crude oil, which is down nearly 3%. The /CL contract shows that, after a modest reversal pattern (tinted) oil has been steadily weakening.