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: DKS, CREE, BBY, ADBE, STT
Bounce to Breaks
When I saw Robert Prechter featured as the #1 story yesterday on the usually-bullish MarketWatch, I had concerns, believe me, about my short positions. Those concerns were realized today, as the market has been roaring higher.
Rally Time
SPX had me worried yesterday morning when falling wedge support broke, but it reversed at the 2072 triangle target and broke right back up. This is unusual but perfectly valid. With the 15min buy signal as well I am expecting a rally back into the 2090s, most likely to test key resistance in the 2099-2101 area at the 50 hour MA and 50 day MA and EMA. I have marked up a possible IHS on the chart, which could morph into a double bottom on a retest of yesterday’s lows. SPX 15min chart:
Short Cuts
This is a movie recommendation – nothing to do with trading. Here’s the trailer for a 1993 movie I have always been crazy about (and I re-watched this week for the umpteenth time). Trust me, it’s fantastic – Short Cuts, a Robert Altman film:
