Apple needs to claw its way to a 682 print to trigger a new buy signal. Barring such a print, current strength represents a recovery rally within a still-active sell signal.
Originally published on MPTrader.com.
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.
The Incredible Shrinking Dollar (by Springheel Jack)
I was wondering aloud earlier this year whether the very bullish long term setup for USD had a serious chance of playing out while Bernanke and the Fed were the guardians of the US Dollar's value. It looks as though that question may now have been answered, with the US Dollar collapsing under the double whammy of major QE starting in Europe and apparently in the US as well. I say in the US as well, as there seems to be a solid consensus that QE3 will be announced by the Fed tomorrow, and I'm assuming that must be due due to off-the-record briefings and pre-announcement spin by the Fed. We'll know for sure tomorrow.
Overnight the German Constitutional Court ruled that the ECB bond buying program could proceed, undeterred by the clear breach in spirit of both the German constitution, and the EU laws inserted by the Germans when the ECB was founded that were designed to avoid money printing. Nothing new there however, the Germans also insisted then that clear rules were made to prevent potentially insolvent countries from joining the Euro, and those were ignored by everyone subsequently as well. Why mess with a winning strategy?
Breakout Coming on Bank of America?
Further to my post of September 8th, we may see a breakout
on BAC as price has rallied, once more, to double
"Golden Ratio" Fibonacci confluence resistance, as shown on the
Year-to-date Daily chart below. Volumes have
increased over the past several days, so we may see a volatile move one way or
the other soon.
10 Stocks Flying Under the Radar (by Ryan Mallory)
This particular scan here evaluates stocks that are trading well below traditional book value – and in this case trading at less than half of book value and then I combine it with favorable technical analysis and ideal trade setups. Essentially its Benjamin Graham meets Online trading (strange bedfellows I'd say!).
Nonetheless, you may be surprised by some of the names on the list, but companies like Bank of America (BAC) are suddenly starting to look pretty good to the eye, and other stocks like Chiquita Brands International (CQB) are showing signs of life in the near-term.
Here's the 10 Stocks Flying Under the Radar. 
Psychological Capital (by phantomcapital)
Traders have two types of capital at their disposal each
day; financial capital and psychological capital. Financial capital is obvious, it’s the cash
we have to trade with. Psychological capital
is harder to measure; it’s the energy and zeal we approach each day with. However, both are limited in supply no matter
how energetic the trader is.
So why is psychological capital a relevant topic to ponder
for the trader? Simply, as a trader, we
do not work a salaried or hourly job.
Hours worked do not directly translate into the amount of money we make.
Often the biggest paydays happen in the
matter of hours or a few short days. The
key here, and this is important, is to have the mental energy to be ready to
capture the big moves in the market instead of being worn down by the inconsequential
grind of a flat market.
