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.
As we continue to frantically work in the Slope Labs to finish the alpha version of our latest product, I offer you some updated market charts with some words about each of them in the caption. As a general note about my own trading, I have pushed my commitment level to just above 100% spread among 50 roughly equally-sized short positions. Anyway, here are the charts, any one of which can be made jumbo-size with a click.
With Powell’s wildly successful 60 Minutes interview creating new records in the market (including the highest TICK value ever), there is a stampede toward anything resembling a Buy button. As the only person left on the planet who isn’t buying stocks, I would at least humbly like to point out what I consider to be two crucial price gaps. The first is 228.80 on the NASDAQ 100 ETF:
One of the principal reasons for the strength in the small caps yesterday and today is that banks have been recovering. Here are three SlopeCharts that speak to that strength, with particular emphasis on the price gaps. Please click on any given chart for a better view and to clearly read the value of the price gap. Here’s the Broker/Dealer Index:
To be clear, I offer the chart utterly objectively, and I have no precious metals position of any kind. With all the excited chatter about silver, I simply want to point out it is dangerously close to an important price gap. This might be a place to consider taking profits.
Let me state the obvious: it’s one whole hell of a lot more fun to trade a market like the one from Feb 20 through Mar 23.………
