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.

VECO Looking Higher (by Mike Paulenoff)

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In early February, VECO Instruments (VECO) broke above its two-month resistance plateau at 26.40/60, which triggered an intermediate-term upside target zone in the vicinity of 32.00. This "requires" the price structure to climb above its moderately declining exponential 200 DMA, and likely confront its more sharply declining nominal 200 DMA.

The powerful base-like pattern that has developed since the Oct 4 low exhibits the time-span and accumulation properties necessary to propel VECO considerably higher from current levels.


Little Room for Error

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Well, the day started with a nice little "we don't really need QE3" selloff, but that reversed very hard (so far). I am watching the long-term view of EUR/USD closely.

The setup is gorgeous, but frankly, there's not much room for error here. The chart could be wrecked with a single strong up-bar. In any event, things are still in place for now, and as long as we stay beneath that ascending trendline, I think the oft-cited Euro analog is still on track.