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.
I’m not going to post the ES chart today, as not much has changed since yesterday morning and I’m short on time. ES is trading around the 50 hour MA (currently at 1825), which is saying that the retracement may be ending or ended. Bulls need to break back over 1833 ES confirm that the retracement is over and trigger a double-bottom target targeting new highs. (more…)
After the widely-touted “worst start since 2005” for the S&P this year, I’m sure bulls are excited to see the market up-ticking this morning. As someone who is shorter than a dime right now, I guess I should be all aflutter with fear. I’m not. The behavior I’ve seen so far this year has been a reassuring series of lower highs. We’re seeing predictable bouts of buy-the-dip behavior that has been banged into people’s heads for five years running. This mark-up is no surprise.