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.

Crude and Tatooed

By -

I am excited and delighted by what’s happening with crude oil. As many of you know – particularly my Slope+ subscribers, for whom this has become an obsession – I’ve been very enamored of energy lately. One of the big appeals for me is that unlike so many equity stocks, energy and its related producer stocks seem to be one of the last “honest” markets to trade. It actually – gasp – reflects supply & demand as well as honest-to-God economic realities. It’s certainly refreshing, which is why a full third of my 81 short positions are directly related to energy.

(more…)

Ten Handles a Day Uptrend

By -

I don’t have the pattern for the current move up yet. I have three rising wedge resistance trendline options, and a rising channel option but the pattern will only be crystallised on the next test of the main rising support trendline from the 1980.90 low. That may be tested at the open today, and if so SPX is in a rising wedge that has already overthrown and the uptrend is topping out at the moment.

If that trendline holds then it is rising at ten handles every trading day and this move up will need to accelerate from what we have been seeing so far this week to keep up. SPX 5min chart:

150218 SPX 5min Trendlines

(more…)

Do NOT follow this link or you will be banned from the site!