Day FIFTEEN for QQQ Prison
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.
Threadbare
Time for me to vent………..as if you didn’t get enough of that already. I’ll start off with this one simple chart of the /ES today, because I’m really, really, really sick of this crap. An absolute explosion of buying based on absolutely no new information at all, blowing all losses away and ripping stocks into highs (with a VIX at a 16-handle, for God’s sake).
Trapped
Feeling frustrated? Bored? It isn’t you. It’s the market. Check out the QQQ. It has been stuck in a pint-sized range for ten solid trading days. Maddening, isn’t it?
Arrogance Terminus
Well, it couldn’t happen to a nicer group of guys. The swaggering, swine-like bulls came into this week, certain that S&P 500 was heading to 6,000 without a downtick in sight, and things short-circuited. Here are the small cap futures, which capture the sudden shift succinctly:
Elon Says What?
