Slope Of Hope with Tim Knight

Rain Delay EURO Tarp................(Evil Plan 63.0 by BDI)

Well my fellow Slope-a-Dopes, I finally scored this week, driving in six runs.  It was certainly about time!  As you all undoubtedly know, America's national pastime has not been very kind to A-Bob this 2012 baseball season. Big league pitchers have regularly been blowing curve balls right by the notorious Gallic long ball hitter, repeatedly leaving his extended bat blowing in the wind.  Even though it does feel good to get out of my endless hitless funk, I am a bit annoyed at myself for taking my shorts off too early on my way to the showers Thursday afternoon, not to mention making an egregious error by switch hitting for my last at bat, in breathless anticipation of the cuming bouncing Faceboy.  Clearly should not have listen to my pimp bookie on that one.

Canada's Business News Network

A reader asked if I would do a post recommending Canadian on-line links to the world's financial markets.

Here's my take (as a Canadian)...

During my trading day I have my TV tuned to BNN (Business News Network). It's Canada's only television service devoted exclusively to business, finance, and the markets. Their commentators are very professional, extremely knowledgeable in all world and financial affairs, and deliver unbiased information.

For those whose TV providers do not transmit this program, you may receive information from their above web link. There, you will find links to their bloggers, as well as to their latest services ~ mobile real-time TV (for smartphones and tablets), live video stream (an inexpensive subscription to live, high-speed video stream), and Twitter.

You will be continually updated throughout the day (with repeat segments in the evening in case you missed them earlier in the day), not just on Canadian content/issues, but also on world issues (there is a heavy emphasis on their reporting of world issues as they unfold...and without delay, I would add).

Their network and commentators are second to none...trust me! I also find their guests very interesting and knowledgeable (they range from traders, to fund managers, analysts/researchers, current/former politicians, current/former banking officials, current/former world leaders, large/small business CEOs, etc.).

BNN has my full endorsement. You will find the link to their website along the right side of my Blog under Sites I Visit. By the way, I'm not affiliated with BNN in any way.

I hope this was useful in your pursuit of knowledge.

Money Flow for May Week Three

Further to my last weekly market update, here is a summary of where money flow ended for Week 3 of May 2012.

The Weekly charts below of YM, ES, NQ & TF show that they all closed much lower than the prior week on higher volumes. They have now broken out of their ranges from January. The YM, ES & NQ are sitting above their weekly 50 sma, while the TF has closed below...whether they find short-term support at these levels remains to be seen.

Someone Is Lying (by BBFinance)

The correlation between Euro and SPX has been strong. And yet, something funny happened today. Around noon, Euro surged and SPX dropped. You can see the divergence in the following chart.

Iggy's Favorite Web Ad

Oh, and on a wholly unrelated note, here's what took place this morning about a mile from where I'm sitting.