Who would have thought that in such a short span of time we’d go from the 80s on the VIX back down into the teens? This has just about been smashed into oblivion, with a gap-closure quite close.
Volatility Gap Nearly Closed
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.
Memories of Charts Past
Salutations again from the concrete-cloistered depths of the Stanford Shopping Center parking garage. I’m kind of touched that so many people have emailed me, wondering about these kooky habits. Don’t worry, the wife hasn’t thrown me out, and I’m not homeless. I’m simply killing two proverbial birds with a single stone, charging my car and looking at charts for you good people. Three stones, actually, since a subset of my dog retinue gets to come out with me.
As I am typing this, the ES, RTY, and NQ are all bright green, and I’m not concerned. I’m more excited about the market than I’ve been in many months. Below I’ve got 14 ETF charts, with a few words about each in the caption area. The first 7 are free to all, and the second 7 are for my awesome paid members (all levels, from Bronze on up).
8 Beautiful Gaps
This post title sucks, but I’m giving in to the tired, hackneyed custom of starting a post with a number, since humans seem wired to click on such things. So…………welcome!
Anyway, here are eight important ETFs whose price gaps have held beautifully. I like what I see here!
Elon-Gated
Perhaps it could have been said more elegantly, but I doubt more succinctly. This is from the weekend:
An Unfortunate Repulsion
Yep, just what I was afraid of. I said 2020 was resistance on the futures, and the same level is a price gap on GLD. We got close, and then blammo, the damned thing still thinks it’s the SPY and turned south. C’mon, gold. Get a mind of your own! Until we push past this chunk of overhead supply, this is where we’re stuck.
