Well, our “Jesus” pattern is still intact (and I suppose it would be appropriate to say: “thank God”) although it’s unnervingly close. If we fall from here, this will just seem a little too easy and predictable.
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.
Seven Brides for Seven Brothers
SPX had a strong day yesterday and came within two points of testing range resistance in the 2064.5 area. We should see today whether bulls can break over that strong resistance. If they can’t then support is at the daily middle band and 50 hour MA in the 2031 and 2026 areas respectively. SPX daily chart:
The Horrors of AH Trading
On Tastytrade today, they were talking about earnings plays: two in particular caught my attention: Twitter (TWTR) and GoPro (GPRO). My opinion was that Twitter would go up a few dollars (see, I’m not always bearish!) and that GPRO, being a one-product, camera-on-a-stick silly company, would go down.
Well, watching Twitter, I was embarrassed at my guess for a few minutes, but………
Technical Analysis Grab-Bag
Tonight, I’m going to fall back on a library of existing content that I worked hard on late last year: specifically, a series of videos about different aspects of charting. I’m doing this not only because I think some folks here might enjoy some of these videos, but also because there’s really not much new to say about this market. We’re range-bound, and it’ll be more than interesting to see if tomorrow morning’s jobs report simply provides us another push downward (which the range would imply) or breaks us out of it.
