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.
Swing-Trades To Get You Through The Day (by Ryan Mallory)
We're finally seeing some weakness out of this market as we have pulled nicely off of the day's highs and into the red. But the constant theme of this market so far in 2012 is the seemingly endless bid underneath this market. We haven't seen it kick in yet today, but one can't discount that still happening. We also have a lot of potential news catalysts in the form of the FOMC Statement on Wednesday as well as the GDP report on Friday.
With that said, take a look at the setups below. You have 2 1/2 longs and 1 1/2 shorts (you'll see what I mean). All of them provide tight stop-losses to prevent any major damage should the market go against you, while offering quite a bit of reward should the market confirm your market predisposition.
Geomagnetism Rules
A correlation between stock market performance and geomagnetism is captured in a paper here by Krivelyova and Robotti. That aside, it is a rarely used discipline in trading, and if you search Marketwatch, Bloomberg and CNBC for its reference, you will come away empty handed. My latest findings are about to demonstrate its importance.
Here is daily geomagnetism versus the S&P500 stock index since the cyclical bull market begain in March 2009. The red-yellow spikes down are high geomagnetic disturbances, and the two periods in which they are strongest correspond to correction periods in the stock market. In between and either side, stocks advance during periods of relatively benign geomagnetism.
European Consumer Confidence Has Not Improved
European Confidence data released today shows that consumer confidence remains depressed at 2008/09 levels, well below zero, as shown on the graph below. This low level of consumer spending is fact in spite of the rosy picture that markets are attempting to paint and is well below the average recorded for the past nine years.
I’m Full of Spunk!
I've always been amused by the slight differences between British and American English (trunk/boot, gas/petrol, etc.) Here's a handy guide for those of you who are better-traveled than me:
