Friday’s jaw-dropping rally rapidly unwound a lot of fear in the market, and it may well have teed up quite nicely some new shorts next week. Here we see the NASDAQ Composite seal its gap perfectly.
Line Power!
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.
Just What I Meant
Duo
Quite a morning and quite a week, eh, folks? I just wanted to make mention of a couple of charts, since I’m all out of buying power and have a moment to breath. It’s a pretty good day so far, although I am finding this current bounce-back more than a little annoying. Where’s my freakin’ swoon?
First off, I’m not really going to consider this autumn weakness to be complete until SMH reaches its target OR it (God forbid) violates my resistance level of 147.82.
Dawn
We awake to a red morning, in which the (relatively minor) unemployment report that came out is souring the mood. Of course, the big Kahuna report is tomorrow, but in a market this dynamic, we must take things one session at a time.
