It was interesting to hear, in the midst of the Davos love-fest where the world’s elite get together each year and pat each other on the back for a job well done, that Oxfam released their study stating that by next year the top 1% of humanity would own more than the remaining 99%. (Incidentally, for those interested in the topic of wealth distribution, check out the interesting SocialTrade stack.)
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: VZ ORCL PEP FB AAPL
Skank Finally Tanks
A quick search of Slope’s archives will reveal how fond I am of shorting Abercrombie & Fitch (and how unoriginal I am with naming posts related to this firm). Here we go again:
Likely Breakaway Gap Over Resistance Take 2
On Friday night I posted a quick review of the very bullish setup on SPX at Friday’s close and the full post talking about that was posted yesterday. If you haven’t read that yet you can see that here.
In the short term the possible opening gap over resistance that I was suggesting as likely is looking likely at the time of writing. If that persists into the open then the important thing to remember today is that the bulls most likely own the tape today unless the opening gap fills, in which case we might well see a very strong decline instead, and a new retracement low wouldn’t be unusual. ES 60min chart:
