Good morning, folks. Precious metals had a good overnight session, with silver blasting yet again to lifetime highs. This honestly needs to take a serious breather, and I think we’re about to start.
Slumpy Sunrise
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.
Knight Shift
Well, it’s not exactly a thrilling morning. As is so often the case, equity futures are up fractionally, and one glance at the /NQ over the past five trading days shows that the /NQ has meandered pointlessly, trying to find some reason to trend either up or down and finding nothing.
Final Month Indexes
There have been a few times over the past couple of months where I’ve written some variant of “the market pretty much HAS to fall at this point for the plan to stick together“, and each time, it has done so. I hope it’s no different than this time because, well – – the market pretty much HAS to start falling next week for things to stay clean. All the major index charts below are the same in the respect that important resistance is represented by the red dashed horizontal line. Click on any chart for a bigger version.
Monthly Munch
The mass media endlessly reminded people in October that November was historically one of the BEST months for equities, and that seasonality should be respected.
Half Day. Double Important.
Good morning, everyone. You’ll be pleased to know that Slope won’t be participating in the Black Friday nonsense that you’ll be buried by today (bank websites and airline home pages notwithstanding). It’s a half day, and I wanted to share a few charts. Today is a travel day for me, so I’ll be extra-quiet this afternoon, but I’ll hit you with my normal firehose of content starting Saturday morning and last through Christmas. Promise!
The /ES futures are trying to push their way through minor resistance at this point. I think there’s about twelve people trading today, so action so far has been lackluster.
