Today was a good, profitable day for me, and it feels extra-squishy-good since the market was strong overall (thus, I defied the beast). Below are seven key charts and a few words on each one.
Highlights for Children
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.
I Predicted $5,000 Gold
Originally, I was going to put this post together to highlight the fact that Big Round Numbers were coming up soon for silver ($100 per ounce) and gold ($5,000), both for the first time in history. After all, gold is blasting higher at this very moment:
My Pairs Predicted It ALL
It was all there in black and white. Precious was going to rock. Equities would suck. The first part has been so true that I should get a Nobel Prize in Charting (or maybe I could just take one from the actual recipient like an insipid brat). The second part is just starting to happen.
The Red Hills of Georgia
It was only one week ago that I wrote a post called Advantage: Bulls, in which I decried the hopeless situation for the bears. Woe, woe be unto you who dare, as did I, the endless advantages our bullish brethren possess!
Well, if you have even a lick of sense, you know that when the likes of Tim Knight throw his arms up at any possibility the market would ever fall, you should buy every single put option you can find. Because what followed my defeatist and self-pitying post was more than predictable……….
NASDAQ Break
After ages of watching the /NQ try to bust past its price gap, we’ve finally got a reversal. Even in just the past few days, the /NQ made five different attempts to rip higher, failing each time. I guess yesterday was the last gasp, because the QQQ, having finally sealed its price gap from early November, created a new, lower gap and, more importantly, has broken its medium-term uptrend. This is the first positive development the bears have had in months!
