Years ago, we bought a backyard play set for our children. It’s really nice, but as the kids got older, they stopped playing on it. Having spent $5,000 on the thing, I was frustrated that it was just sitting out there unused, but then I decided on an interesting way to repurpose it: make it into the world’s coolest chicken coup. (more…)
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.
We are now at levels not seen since October 2011 (if you think way back, that’s the last time the S&P had a serious big selloff, when the U.S. government still considered the debt something to be taken seriously). I think all stock markets are in trouble, but we may be in for a short-term bounce from these depressed levels.
I was going to be putting the case again this morning for a retracement to form a right shoulder on the possible IHSes I was looking at yesterday morning on SPX/ES and TRAN, but I see from the strong reversal overnight that there is now no need. On ES the ideal right shoulder low would be in the 1621 area. ES 60min chart: (more…)