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.
Advanced Cannabis
Yesterday I saw someone mention a symbol I had never heard of – CANN – so I decided to take a look. I was surprised to see the company in question was Advanced Cannabis – yep, the legalization of marijuana in Colorado has begun to seriously benefit some companies that wouldn’t have even been legal until a few years ago. This intraday chart shows a beautiful cup with handle (or would that be a bowl with handle?) pattern.
When Morbid Obesity Was Lulz
Nickels in Front of the Electric Steamroller
Yesterday, I did two insane things: I shorted Tesla, and I wrote about it. The guffaws and admonitions were predictable. I covered the short with a profit where the green arrow is indicated below. The red arrows indicate where I shorted it yesterday………and newly today: (more…)
Testing the Water
Another day of consolidation yesterday with two more tests of key short term support at the SPX 50 hour MA. On the second test there were significant intra-hour pinocchios below it which was new, but the hours closed safely back above. The pattern setup on the SPX 60min leans bearish but could still go either way this morning. The triangle I was looking at yesterday morning broke up and was then retesting hard at the close. For today I would expect that either to break up to a marginal new high, or break down to test the triangle target and possible H&S or double-top neckline at 1824/5. The RSI and trendline setup are leaning towards the bear outcome, and I have mentioned many times before that triangles have a very tendency to make a false break before the real move begins in the opposite direction. SPX 60min chart: (more…)
