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.
Chop Chop
There’s not a huge amount to go on in the short term equities charts at the moment and while that remains the case it’s worth remembering that most or all of these charts are still in the right areas to be forming the second highs of double-tops for the move up from the June low. I don’t think that’s what we’re looking at here but it should be borne in mind, and in the event we were to see a sharp breakdown from here then the target on ES would be the 1635 area. As I said, worth bearing in mind but not the most likely scenario at the moment. (more…)
How AEO Longs Could Have Gotten Paid To Hedge
Teen clothing retailer American Eagle Outfitters (AEO) dropped nearly 18% after hours Monday, after lowering guidance. Out of curiosity, I checked the cost of hedging AEO during market hours on Monday, and it turns out AEO longs could have gotten paid to hedge before the earnings miss. (more…)
MDR Finally Moving!
Well, I have had the patience of a saint on this one, but it seems, at long last, McDermott is finally breaking down. They just posted results, and their COO Is leaving. As I’m typing this, they are down about 16%. I’ve got a short position as well as a very large put position on the stock. Just when I was beginning to question this whole technical analysis game, I get some really good news. I think this stock is headed much, much lower than even current after-hours action indicates. The topping pattern is very large. (more…)
Market Indicators in a Transformed System
We have used the ‘continuum’ (monthly chart of the 30 year yield) for years now to define tops in inflation expectations (red arrows at or around the EMA 100) and tops in deflationary fears (green arrows). (more…)
