All I can say is………..finally! I’ve been touting this diamond pattern since the days Yellen was sporting a handlebar moustache (give her a break; it was the fashion at the time). We are finally seeing prices start to break, and I’ve got big dreams for just how low APA can plunge. (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.
In spite of the ES and NQ being up – the NQ in particular being up nearly 30 points – I’m having a terrific morning with my completely-short portfolio. At the moment I am up 0.25% while the market overall is up 0.25%, which completely thrills me, because I have 107 short positions and ZERO long positions. Days in which the market is up and I am still up excite me much more than days when the market is down, because it shows my selections are kicking the market’s nasty ass. (more…)
This current retracement is very important for determining where equity markets go over the next year or so and I’ll be showing why that is this morning. From a pattern perspective though this retracement has to bottom out above rising support from 1343 or the current bullish pattern setups I’m working with will fail, and the highest probability pattern setup will revert to being a topping pattern for the broadening ascending wedge from 1343. (more…)