It’s enough to make a rational person weep. So in the same morning, we see the albino troll announce that stocks are not “bubble-like” (whatever the hell that is supposed to mean): (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.
The Cisco Fractal
Yesterday at the end of my Tastytrade segment, Tom asked me what I thought about Cisco. I speculated that it would be going down, but only by about a buck. Well, I got the direction right, but the plunge to fill its gap took just a few moments instead of weeks. (more…)
Rubber Bands
ES and SPX bounced very strongly off the daily middle bollinger bands yesterday morning and SPX closed back at the daily upper bollinger band. Kudos to my trading room bud Mike Vacchi of Princeton Trader for predicting the exact low on ES in the premarket to within a tick (at the ES daily middle bollinger band) and going long at 1754.5 (to my channel based entry at 1756.5). I hope some of you saw me tweet the bullish falling megaphone on ES before it broke up, and later tweet the likely close area before the last move up. We had a VERY nice day. (more…)
