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.
Apple’s Pattern Shaping Up Beautifully
Relative Strength in This Week’s Weakness (by SB)
Due to an across-the-board sell-off that's occurred, so far, this week in
equities, I thought I'd take a mid-week look at the 6 Major
Indices and 9 Major Sectors to see which ones have
been holding up somewhat better than the others.
From the
Daily line chart of the Major Indices shown
below, the two Indices that haven't reached their lower Bollinger Band by
today's (Wednesday's) close are the Dow Transports and Dow Utilities. They are,
however, underperforming the other four Indices in terms of performance from
July.
Perfect Hit SPX Support (by Springheel Jack)
SPX hit the lower bollinger band on the daily chart yesterday and closed there at the end of the day. Unless we are going to see a trending move downwards then I would expect a reversal there with the obvious target at the middle bollinger band in the 1452 SPX area. It's worth mentioning that the bollinger band pinch here that I've mentioned a few times generally resolves into a strong trending move, and that unless we see a break below the rising channel on SPX, the obvious direction for that move would be up:
