The more data you have, the easier it is to see critical levels. (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.
Monthly and Weekly Charts on Gold and SPX
Hi Folks,
I am on vacation for another two weeks and so I will not provide much commentary with these charts. I am going to combine the monthly and weekly charts together for this post. (more…)
More Good Reasons to Buy
The surge in equities today is brought forth by one compelling reason:
- We are not bombing Syria right now
I propose that there are many other reasons to, as Cramer would say, “buy buy buy!”. They are as follows:
- We are not bombing Iran right now;
- We are not bombing France right now;
- We are not bombing China right now;
- We are not bombing Canada right now
I’m really not sure what you are waiting for. Buy some LNKD! It’s only got a P/E of 1,000! It’s time to get in on the ground floor.
Mind The Gap
I covered the short term bull case on SPX pretty thoroughly on Sunday, so I won’t cover that ground again today, and here is the link to that post ‘Cave Taurus’.
Since then ES has rallied as high as 1649, breaking up from the double-bottom there with a target in the 1665.25 area. That double-bottom has an equivalent on SPX and if we see that break up in regular trading hours (RTH) then those patterns are both targeting the same area. 50 hour moving average support is now at 1642. ES 60min chart: (more…)
