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.
It’s clear that AT&T has a lot to do with today’s action in the Dow 15 Utilities, but it’s interesting to me how plainly the bullish breakout has failed over the past couple of weeks on this important index:
It’s been a long time since I’ve mentioned any “long” idea at all, so – – time to break the drought:
Here’s today’s swing-trading watch-list:
Long T-Mobile (TMUS)
Just a short post on SPX only today as I have work being done on my internet setup this morning.
For the second week the weekly candlestick on SPX was a long legged doji. These are indecision candlesticks, but don’t give any clues to direction as the breakout direction is random. If we see a break up then the weekly upper band is currently at 1903.6, close to a retest of the current high, and on a break down the middle band is currently at 1845, slightly under rising support from the 1737 low. SPX weekly chart: