Happy Friday, everyone. Well, the /ES spent the entire night clinging to its Fibonacci like crazy. As I’m typing this, it has managed to reach an escape velocity of some kind, up about 40 points at this particular moment.
Magneto
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.
Bonds and Bear Markets
Grind, Grind, and Grind Some More
Your math formula of the day is Thursday=Wednesday.
It was honestly identical. Red futures in the morning. Red-hot inflation report. Futures sink. Then, half an hour into the trading day, it was straight-up from there. NQ ended the day bright green. All the same, my portfolio gained value yesterday and today, so blow me, P.T.B.
One flicker of hope is that the /ES closed precisely at its Fibonacci (and on the correct side, which is to say, beneath it).
Ancient Producers
The economic database in SlopeCharts is positively vast, and I was curious what we had in terms of Produce Price Index. Well, it goes back to 1913! Check it out:
