Although the sine wave pattern has had uneven results, there’s one market where it has still been spot-on: natural gas. The question at this point is: is right now a perfect time to get mega-bullish on natural gas?
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.
Whooshing to the Wedge
Welcome to a new trading week, one in which we get to enjoy one of the eight FOMC freak shows on Wednesday. As we approach the opening bell, everything is green across the board, with tech (the /NQ) being especially strong with a 1.25% gain pre-market. Since October 27th, the /ES has done little but stomp higher.
(more…)Wedge Failures in Fashion
It’s about time. These wedges have been intact for nearly half a year. The failures aren’t taking place in some obscure, seldom-noticed sector. These are core breakdowns in the most important financial instruments in the nation. Let ’em burn.
(more…)A Couple of Dollars
It has been heartening this week to see the two “dollar” style stores that I’ve been suggesting as short-sale ideas finally met their comeuppance (or at least the start of it). These patterns were beauties: Dollar General and Dollar Tree.
(more…)Chinese Triangle
Please note that a price gap is just about sealed with the China stock market ETF symbol FXI. This gap also coincides with the base of a sizeable right triangle pattern. I don’t think China’s stock market is going to go up much more, if at all.