I’m kind of hoping Les’ newscast is a foreshadowing of the week ahead……
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: PHM, DD, LVS, BIDU, STLD
Silent Scream
It’s obviously more of a kick when things are falling, but looking at today’s action, we have seen this movie before. In fact, we’ve seen it multiple times lately. The unicorns are cavorting once more in the meadow, and everyone is bidding assets up. But one glance at the past couple of months on the ES simply screams “short me!” even though it’s virtually impossible to do so on a day like this and feel good about it. It only feels good after the fact. That’s why hardly anyone does it. “Sell into strength” are three of the easiest words to say but most difficult to actually execute.
Weekly Middle Band Punches
Friday’s close saw a punch below the weekly middle bollinger band, and that was a bearish candle, as I mentioned it would be on Friday morning. SPX weekly chart:
Palm Sunday WAG
With the exception of a special market analysis video for my Slope+ members, I haven’t done any market analysis on the blog this weekend. I am coming to you now live and in person from the Snoopy’s Home Ice skating rink in way-too-far-from-home Santa Rosa, California. It seems that any building more than twenty years old provides about one electrical outlet for every 50,000 square feet, so I am uncomfortably sitting on a rubber mat at the far end of the ice skating ring. But as long-time readers know, Slopers come first in my life. (more…)
