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 Huntington Bancshares (HBAN)
My big cash winner today is Canadian Solar (symbol CSIQ) which I’ve mentioned on Tastytrade and Slope a number of times, and which Slopers got an early heads-up on from friend-of-Slope and all-around good guy Ryan Mallory from Shareplanner in this post from May 26th. Thanks, Ryan!
Yesterday went very well for bulls on the surface, with a retest of the daily middle band and broken triangle resistance that held very well and closed above both. On the shorter term charts though a rising wedge from 2052 confirmed the wedge support trendline, and then broke down and retested in the afternoon. These patterns break down 69% of the time and after a break like this, assuming it didn’t then break up (31% option), then I’d be looking for a double top or H&S to form then either a 38.2% to 61.8% fib retrace (continuation wedge option) or a full retracement of the wedge (reversal wedge option).
I posted the double top option on twitter last night. On this scenario I’d be looking for a retest of yesterday’s high, and then a retracement to the 38.2% fib retrace in the 2084 area. SPX 5min chart (DT scenario):