One of Slope’s proudest holiday traditions, and I need a little breathing room for a vet appointment.
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.
Begin the Quiet
On Sunday, for No Particular Reason ™, the equity futures vaulted higher. The /ES was up over 30 points, but over the course of the night this has faded into virtually nothing. I continue to believe we’ll have another swoop lower at some point in the coming days, although this week and next week will probably be rather subdued, with a major holiday plopped right into the middle of each one.
I mean, it’s no Juneteenth, but let’s all admit Christmas is kind of a big deal.
End Of the Trump Euphoria Trade?
Waiting For The Worms
In my post yesterday I was looking at the possible bull flag setups on SPX, DIA and IWM, and today of course we have FOMC.
Those flags all ended yesterday on an encouraging note but overall this very much looks like an inflection point as we are coming into FOMC and it may well be that FOMC today determines the direction of the break from this.
(more…)Last Gasp
Good morning, everyone. I got a late start, waiting up at 7 a.m., a half hour into the trading day. It’s been literally years since that has happened. I’ll just do a brief post now to say that NVDA is up strong (over 4%), which I think is a fake-out. My view is that this top has been complete and this sucker is going to roll over. You know how Fed days are – – murky until the press conference is through.
