After I mentioned on my Tastytrade show yesterday how delighted I was that charts were working again, I had this exchange on Twitter:
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 Abercrombie & Fitch (ANF)
Sigh. It just gets worse every day…….
I guess the whole Greek nonsense has been put on hold (again) until Saturday, just so the angst, tension, and uncertainty can persist. The situation has long passed the point of tragicomedy.
So let us turn our attention instead to crude oil, which ended its firm, steady push lower early this year. Since then, it has been sputtering into a tighter and tighter range. I am, naturally, wanting it to break lower, but there are two levels needed for that: first, the front month needs to slice below the $59.19 level, tinted below in yellow. If it can manage that, the failure of the symmetric triangle (approximately where that red circle is) would be just what the doctor ordered for the downfall to resume.