As all know my specialty is the Volatility Trade, and the weekly chart gives me a good view of the climate. It looks like it is paralleling last year somewhat. I am looking at three more weeks of this, and maybe a SPY visit down to the 190’s. Then expect a late summer rally into mid September, for a nice fall swoon. However, I will let my charts and signals guide me though. (more…)
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.
Datus Interruptus
Well, a bit of karma came and bit me today.
Back in 1991, when I worked for Ed Seykota (one of the famed “market wizards”), he was actively trading futures. I don’t remember the exact circumstances, but I do remember that there was one particular market he was anticipating a trade on, but his signal never hit. It turns out (again, for a reason I don’t quite recall) that his chart wasn’t even being updated, so he was steadfastly checking it each day for a signal that never appeared. That’s because the chart was basically an oil painting. It never changed.
Director of Admissions
This is going to be one of those “personal” posts that has nothing to do with patterns, trendlines, volume, China, Yellen, Greece, the Troika, or any of the other dozens of topics which we beat to death on a regular basis each day here on Slope.
First order of business: I’m going to be taking one of my all-to-rare vacations over the coming eight days. Old timers here know that my “warnings” about me being away rarely mean much, since I tend to keep the posts flowing fairly actively, but if you notice I’m not as around quite as much as usual, well, that’s the reason.
Swing Trading Watch-List: FB, HAS, HBI, JAH, KSS
Netgear Clean Triangle Break
I don’t think I’ve seen so many bearish patterns in my life. This market is a bear’s candy store. Here’s just one example:
