ES closed green again yesterday, delivering a second run of ten consecutive green candle closes since 2000. Looking at the overnight action I doubt that we will see a third record-equalling eleventh green candle today. At the moment ES is trying to hold 1830 and we might still see a test of the 1851 SPX high if it can hold. If 1830 breaks then the double-top target is in the 1822.50 area. ES 60min chart: (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.
Doing Lines
Well, I was saddened to hear that Bob Casale (Bob #2) of Devo died. And, as with our beloved BDI, it was from heart trouble (BDI is, mercifully, still with us). I’ve put one of the coolest Devo videos of all time at the bottom of this post as a tip-of-the-power-dome to Bob. (more…)
Friend and Nabor
I really meant to post this before the close (honest! honest injun!) but I didn’t. Anyway, this is one of those rare times I feel so bullish about a stock that I’m not only selling naked puts on it, I’m also buying calls. With earnings out after the close, and the stock bumping up 3% right now in reaction, it looks like this is going to pan out (considering the quantity of naked February $18 puts I’ve got, I certainly would hope so). Anyway, NBR looks like a squeaky-clean breakout above its triangle pattern.
