As long-time Slopers know, this site has far and away the highest-quality and most-active comment system of any financial blog. The comments system, custom-built at my direction for Slope, is awfully cool, but I recently added a feature that kicked it up another notch: notations. (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.
Swing Trading Watch-List: DNR, EGN, GTAT, JDSU, INVN
What a Dork
It Is What It Is
SPX closed last week back above the weekly middle bollinger band and with a strong and rare reversal hammer weekly candlestick. In my weekend post, which you can see here, I looked at the history of these rare candlesticks om SPX going back to the beginning of 1974, and didn’t find any directly comparable candles that did not then continue up to the weekly upper bollinger band, currently at 1873. I am therefore treating last week’s low as the retracement low unless we see strong evidence to the contrary, which would need to start with a decline through strong support in the 1770-4 area. SPX weekly chart: (more…)
Hammer Time
After the hard break down through the weekly middle bollinger band on SPX on Monday, a series of lower downside targets opened up and I spent some time assessing the relative merits of those. However on a weekly candlestick, as with all candlesticks, the most important data points are the open and the close, and last week’s candle closed on Friday in the green, and back above the weekly middle band, delivering a very nice looking bullish white hammer candle. All of the action under the weekly middle band was therefore intraweek and on a weekly closing basis the middle band held as support. That bullish candle is a bottoming/reversing candlestick, albeit one that needs confirmation the following week. SPX weekly chart: (more…)
