Here’s today’s swing-trading watch-list:
Long Steel Dynamics (STLD)
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.
Broken Trendlines
Thursday was a strong day on SPX and NDX, and at the close, all three of the significant resistance trendlines that I was looking at in my Thursday morning post were broken. The most important of those was primary channel resistance from the October 2011, which had been tested and held in all four of the preceding weeks but has now finally been broken. I would expect another pattern to form and am considering the likely options, but at the least I’d be looking for a further move to the 2040 area now. SPX weekly chart:
Receiving A Valid Ticket From The Punctuation Police: And Pleading A Case
Readers who’ve been with me for a while know all too well my struggles via the printed word. I have been very candid in print as well as speaking: I can barely spell cat without running it through a spellchecker.
Punctuation? Please, I have an even harder time knowing what goes where, when to use commas, colons, and all the rest. Grammar? I hit that about 50/50. My only clue to this ratio is in direct proportion of violation alerts I receive via what I deem a more over-arching authority: The Grammar Gestapo. (more…)
