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Someone suggested I input the dates of the Consumer Price Index reports (like the one we’re going to get this upcoming Wednesday) into Event Markers, so I’ve done so below. It isn’t exactly eye-opening, since there doesn’t seem to be much correlation. All the same, I think Wednesday morning’s figure will be very closely watched, considering the mayhem it unleashed last time.
We’ve all heard the legend. Tim Knight gets on a plane, and the market weakens. I’ve heard it. You’ve heard it. Some algos probably trade off of it.
Now that SlopeCharts has its Events Markers , we can actually eyeball it. Even better, since I plan to input forthcoming travel dates, paying members can actually anticipate them with precision. Here’s the past year of (very rare) travel seems to suggest…………
A week or two ago, I overlaid the sine wave from SlopeCharts onto the chart of natural gas. Interesting how it seems to be working so far! This suggests much lower prices in the months ahead.
I am pleased to announce a new feature in SlopeCharts for all paying members (and, nudge nudge, prices are going up next Friday, so those of you on the fence might want to make the leap). If you think of any other genuinely helpful classes of “events”, please do email me, since I’d love to have as helpful a library of dates as possible.
Now, there is a library of date-based “events” built into SlopeCharts which subscribers can overlay on top of a chart. These events include holidays such as Memorial Day and Christmas as well as events from the world of finance such as FOMC announcement days. You can access this feature from the Tools menu:
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