I mentioned Orbitz in one of my “all shorts” videos; it took a while, but it finally gave up the ghost!
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.
Uncertain Break Upwards
SPX and RUT both broke up yesterday, and on RUT that was a very definite break up which was nicely followed through. That wasn’t the case on SPX where the action after the break was uncertain, and that has continued overnight on ES. If we are to see a retest of the highs then I would not expect to see 48 retested before the highs were retested, and I’d expect to see ES hold above 1753 today. Initial support at the start of the trading day should be in the 1756-8 range, with support at the low yesterday at 1756, the 200 hour MA currently at 1757, and the weekly pivot at 1757.4. The 50 hour MA is currently at 1758.50 and ES has been trading below that for the last few hours, which is bearish while it lasts. ES 60min chart: (more…)
A Few Short-term Opportunities in Sight
Admittedly I haven’t placed many trades over the past several weeks. Some may say that the more you trade the better. Increasing your sample size is the key to success. Trade small, trade often.
In some cases, yes, but if you are only trading a limited amount of highly liquid ETFs I’m not so sure it makes sense. Wait for the set-up to come to you…don’t force trades. And yes, while no one knows the destiny of the next move, why not allow pot odds to be on your side. (more…)
Smelling like a Rose
Rosetta Resources – mentioned here a few times as a long play – continues to blossom beautifully. (I like to mix it up now and then with some long ideas, just so I don’t look completely insane). (more…)
