Heading into the afternoon session, it is Oil that takes the spotlight, now down 4.7% from this morning’s 4-week recovery-rally high at $38.39– and pointed still-lower towards the $36.00-$35.50 support zone. ES (Emini S&P 500) is under pressure too, but unlike Oil, has not inflicted serious technical damage to its 4-week uptrend (yet). To do so, ES must break and sustain below 1975.00, which will trigger lower projections to 1950/45 (quickly).
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.
Peak Chesapeake
This energy sector rally over the past four weeks has become insane. Apparently driving your car at a high rate of speed in order to (very messily) kill yourself is good for the stock of the company you founded.
Release of Energy
Looks like the bottom is in for crude oil for now; the peek above the trendline yesterday was all it took…….
The Astonishing Collapse of Natural Gas
