SPX closed well below the middle bollinger band yesterday and ES has fallen further overnight. The SPX daily lower bollinger band is in the 1679 area, and that is some support, though it isn’t as strong as the resistance found at the upper band during uptrends. SPX daily chart: (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.
Support Breached
Well, GOOD morning, Slopers! And it finally is a GOOD morning, with the best big red bar we’ve seen in many weeks. It seems that fantasy (QE, the Fed, faux-taper-talk) has, for once, been beaten back by reality (sucktastic results from Cisco and WalMart). The best “tell” was that, for the first time since the Eisenhower administration, we finally got a sell-off to stick yesterday. (more…)
Cisco Sacked
Back on July 19th, I did a post for Slope+ users which stated the following about Cisco:
It’s interesting to me that a company as large as Cisco, even when viewed over years, has been trading in such a reliable price range. I’d suggest that, given present price levels, as well as the relation of present prices to past conditions, this might be an opportunity to take advantage of the potential for weakness ahead either by way of puts or selling the stock short. A conservative stop-loss price would be 26.32. (more…)
Harry Boxer’s Charts of the Day
Gold, Silver and a Global View
Last week the Silver-Gold ratio (SGR) failed to get with the bear memo as the sector got a hard shakeout, and look what happened. This week through the ups and the downs silver has continued to lead. (more…)
