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.
OK, Friday night owls (and Saturday morning slackers). I've got a project for you.
We've added a new feature to the awesome Slope Comments System which is available for alpha testing. It's here, and I've described the basics in the post itself.
Please try it out and pose some good questions (and answers!) Once this feature is launched for real, this will all be part of a permanent, growing database accessible from a separate page (so you will always have access to this Slope knowledge base).
Go forth and make me proud!
AAPL is one of a very few Nasdaq stocks in the green, so far, today. At the moment, it's trading at the +2 deviation of an uptrending regression channel following a large volume spike on yesterday's price action, as shown on the Daily chart below. As it approaches the 500 level, the indicators are pointing to an overbought situation…price may ultimately revert to the channel "mean."
This may be what the NQ is waiting for before it pulls back by any significant amount, as I discussed in my February 9th post.
Data released today indicates that consumers are spending less as they anticipate lower prices, as shown on the two graphs below.