FEEDIn honor of Powell doing yet another 60 Minutes spot tonight, here is as chart of the SPY fund and the total assets held by the darlings at the Federal Reserve. The correlation has changed tremendously over time, but it’s pretty clear equities have “caught up” nicely with the trillions of dollars of Fed Bux. [Read More...]
Save Your Home!
FEEDI am planning, once we get Tiles rock solid, to make it everyone’s home page. If you’d rather not have that, and instead like the “table” style home page you get now, please bookmark the URL you like as your home page explicitly so it can remain your Slope home page. We are spending virtuallyRead More 0 Comments [Read More...]
Slim Cycle Time
FEED [Read More...]
The Awful Experiment
FEEDLet’s start with one simple and important chart: You’ve seen it many times. It is the chart of the total assets of the Federal Reserve. It is a representation of how much fake money they have forcibly pushed down the windpipes of the American economy in order to give it the illusion of prosperity. AsRead More 0 Comments [Read More...]
Tiles, Everyone! Tiles!
FEEDI am exceptionally pleased to let you know of a new feature on Slope that we’ve been working on for weeks. It is called Tiles, and this is very much an “alpha” version of the product. But I wanted to give you full access, and a sneak peek, to start gathering your ideas and feedback.Read More 0 Comments [Read More...]
Cruising for a Bruising
FEEDI believe the entire cruise industry has topped out; each of these three cruise giants have stalled beneath years of overhead supply and, I believe, are sailing into treacherous waters: [Read More...]
Dwindle
FEEDWant more proof that the entire world is falling asleep from this market, and it isn’t just me whining? Look at the volume. It’s about one-third what it was earlier this year, and one-sixth what it was during the Covid crash. Pathetic. Just sad and pathetic. [Read More...]
These Lower Highs
FEEDI present below eight charts which have exhibited a series of “lower highs”, which is indicative of trend change. Some of these lower highs are spaced are more than others, but they all share that common characteristic. [Read More...]
Ionosphere
FEEDApril tends to be a strong month for equities, and this month has certainly started off true to form. Lifetime highs are everywhere, and the SPY is sporting seven green candlestick bars in a row. The S&P 100 ETF fund, symbol OEF, has a similar setup: a consolidation beneath that horizontal and then, bang, escapeRead More 0 Comments [Read More...]
Etsy Bitsy Spider
FEEDI present to you a stock with a P/E of about 80, a broken trendline, and a diamond reversal pattern: its name is Etsy (symbol, unsurprisingly, is ETSY) and here we see the broken uptrend: And, looking closer, a very well-formed diamond reversal pattern: [Read More...]
Declare the Pennies On Your Eyes
FEEDThis is one of those “there but for the grace of God” stories, although it is not out of the question this tale may be quite germane and helpful to you in your lifetime: it has to do with the wash sale rule. In case you are unacquainted with this bit of the tax code,Read More 0 Comments [Read More...]
The Meaning of SPAC
FEEDEven just a couple of years ago, the notion that “blank check” companies (that is, publicly-traded shell corporations with no business, no revenue, no earnings, and no real purpose) would be one of the most popular vehicles for taking a company into the public markets would have been seen as laughable, if not scandalous. WeRead More 0 Comments [Read More...]
Without a Net
FEEDAbout seven months ago, gold looked like a sure thing. Trillions of dollars of fresh fiat, rising inflation, rising interest rates, and central banks gone wild. On top of this, metals were pushing to lifetime highs and had emerging from an enormous basing pattern. That all ended on August 6th. Anything to do with preciousRead More 0 Comments [Read More...]
Automated MATLBO?
FEEDI would like to pose a question to the group. Please leave your thoughts in the comments section. As some of you know, there is a trading method created by Ruffpup known as MATLBO. It has been discussed here frequently on Slope, and has been the topic of much conversation. Indeed, Ruffpup gathered up theRead More 0 Comments [Read More...]
Blasé Bitcoin Breakout
FEEDI have one simple chart to show, and one simple point to make: For months now, the crypto space has been (i) basing (ii) breaking out (iii) moving on to a higher plane. This time, however, was a total fizzle. It broke out, everyone was chattering about “institutional buying” (which apparently are the magic words),Read More 0 Comments [Read More...]
EMA Taco
FEEDIn my collection of study sets, I subscribed to one particular set by a chap named Taco Flyover who was using a 9/30/200-day exponential moving average trio which seemed rather effective. Below I am putting, in order of increasing bearishness, four big ETFs with this study set. In fact, I’m hiding the drawn objects andRead More 0 Comments [Read More...]