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.
Here’s today’s swing-trading watch-list:
Long American Airlines Group (AAL)
Yesterday was day three of the current ride on the daily upper band. These rides are where there is a strong trend in either direction using either the daily upper or lower band as the anchor for the daily candles. Yesterday was a decent example, closing within 0.20 points of the daily upper band. These band rides vary widely in length, it isn’t uncommon to end after three or four days and they can extend to seven or eight. The last two band rides on this chart lasted nine and five days respectively. SPX daily chart: