Hercules Offshore, shown below, has a pretty clean top. I’m short this and will cover if it reaches its measured target at about $5.50:
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.
Crude Oil Strength at Support
Apple Breaks Intermediate Support
Regions Financial Breakout Forming
Stuttering Downtrend
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…)
