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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.
Nigh is the Day
So here we are. Right in the thick of the biggest earnings week and only hours away from the latest Kabuki theatre from Mr. Jerome Hayden Powell. It’s the 5th FOMC of the year, folks, and the big question is – – – 0 or 25? I think the bigger question is……….what’s the reaction? Because the actual decision doesn’t really seem to matter.
Half an hour before the opening bell, all the equity futures are in the red. Yesterday the /ES went absolutely roaring higher for no discernable reason, and it was interesting to see the drivers of this thing slam hard on the brakes the millisecond we reached last weeks’ peak (two green circles). Now we’re meandering around again in no man’s land, with the decision whether to break above or below this range looming before all traders.
PREMIUM: Little Naz
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Vive La Résistance!
Six days ago, I pointed out in this post that IYR had hit an important Fibonacci level. Well, it hung out there a few days, but it worked out great: just look what IYR is doing, even on a day when the market is vomiting higher………..
Petite Flop
It was interesting today, during my tastylive show, to see the /ES blast above last week’s high during my broadcasting. Clearly a lot of “buy” orders were triggered, but interestingly, the entire breakout fell the pieces within minutes.
