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.
False, Unmerciful, and Truthless
Steel yourselves. Watch this.
Target Remains SPY @ 90
If we can manage to falter around 900 on the /ES, that will be a very big positive for the bears. On the other hand, if we keep pushing up through May 7's highs, the bulls very clearly still have control.
Please note Disqus still seems to be having troubles, so if Slope kind of "stalls" on you, it's because Disqus is failing to load. It also explains why comments are relatively light today.
Failed Breakout
I offer this chart as an example of why stops are important. Here we have STV, which until today was a gorgeous long position. It had a lot going for it – – – a clean pattern, a healthy breakout, and strong volume.
But I set a stop at that horizontal line, and I am no longer in this position. The last thing you want to do is hang on to something when it has had a technical violation like this. The rationale for being an owner no longer exists.
Also, I'm not positive, but it seems like Disqus might be acting up again. If it is, you probably already realized that.
What About DBC?
As I look at DBC, I like the steady increase in volume lately as well as its pattern. This could be a dynamite security over the coming months. My own stop on this is quite tight, however, at 21.36. If the pattern can hold together, I think a ride up to 26, which is over 20% higher from here, is quite probable.
