Just a few snapshots from a pleasant two days at Tastytrade………
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 Bristol Myers Squibb (BMY)
Bonds have been in a virtually uninterrupted uptrend since New Year’s Eve on 2013. Looking at interest rates, I wonder to myself if we have turned the corner and are heading into higher rates….
Just a very quick post today as my morning has been hijacked by traffic jams and an ill son, though he’s not seriously ill.
I posted a chart on twitter last night showing that the rising wedge that I posted yesterday morning had evolved over the day’s bullish break into a rising channel, and that the pattern formed from the morning low yesterday was a rising wedge, that is now, just after the open, breaking down.
I was intrigued to look at this Slope post from nearly five years ago which stated:
Let’s notice that a downside violation of 1.2330 completes a massive 4-year top pattern that could “unhinge” the EUR altogether and send it into a vertical tailspin towards 1.1640/50 on the way to parity with the USD — a move that certainly will get the attention of the ECB and the Fed, which vowed to defend the integrity of the EC last weekend.
It may have seemed nuts at the time, but with this enormous symmetric triangle that has been broken (and the Euro plunging anew this morning), we could well be at parity this year!