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.

Support Held, Testing Resistance

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The bears had their chance yesterday. SPX retested the middle band and there was a knife fight there that lasted all afternoon, with SPX closing within ticks of the middle band. As SPX was testing it from above, that was a victory for the bulls, with key support holding there at the close. These retests can provide some great entries with superb risk/reward entries. I called this one in the Princeton Trader trading room at the low yesterday. Worth catching these when we get them. SPX daily chart:

150320 SPX Daily Rising Wedge

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Going for Gold

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It’s been a good day so far (and a comic slap in the face to everything Yellen did yesterday……..just take a look at currency markets). I’m balancing my zillions of shorts with carefully-selected longs, and the best charts to my eyes are precious metals and miners. I’m long gold and a variety of gold miners. Gold seems to have a pretty easy path up, at least for a few points: (more…)