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.
I just want to say thank you to all the followers of Tim Knight’s blog Slope Of Hope and his ever growing Slope+ and SocialTrade members.
As some of you may know I’m currently working on the audio version of my latest book. While I’m in the production phases, I just wanted to share at this time one of the tracks to show how it’s shaping up. It’s unlike any other on the market currently, and sets a new direction (I believe) for format and delivery of insights and ideas for today’s entrepreneurs. (more…)
I pointed out a couple of days ago that JC Penney had broken a three-decade old trendline. JCP bounced yesterday, but it’s plunging again today, even worse than before. (more…)
I’ve been holding off on shorting RackSpace (symbol RAX), and I’m glad I did. They announced earnings after yesterday’s close, and the stock has shot up to perfectly fill the gap from May 8th. I’ve gone ahead and shorted the stock today, using a stop-loss of 49.52. Here’s a close-up of the gap close: (more…)
The opening setup I was looking at yesterday failed for the second day running. This is a very choppy market on ES, and not much seems to be working well apart from the buy and sell signals on the 1min and 5min RSIs. There isn’t an opening setup today on ES, and perhaps that’s just as well. What I would say from the ES 60min chart below is that there is unfinished business on the upside from the last 60min RSI reversal signal. Five of the last six of these signals were followed by the 60min RSI reaching the other side (70 in this case) and that hasn’t happened yet. What I would add to that is that the current trading range, roughly 1670 to 1706 is one where on a break either way we should see a follow-through move, that there is clearly strong resistance at 1697, and that ES is currently trading below the 50 hour MA, which is still in the 1690.5 area. ES 60min chart: (more…)