Broadcast on CNBC the morning of September 21st: 
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: CMG, CA, TWX, AMZN, CDW
Falling Wedges Testing Resistance
I posted short term falling wedges on twitter last night, and these are 68% bullish of course. On the 68% bull option I’d be looking for a retest either of the daily middle band in the 1955 area, or on a break above that I’d be looking for a retest of broken rising wedge support, the 50 hour MA, and the 5 day MA, all in the 1969/70 area. SPX 60min chart:
Another Nightly Reversal
Up one day, down the next. Over and over. Our “toggling” market is still very much intact. Right now feels just like early Monday morning, when an overnight drop had been replaced by strength. Thanks to more horrible economic numbers from China, the ES had been down over 20 points, but as I type this, it’s up over 5 points. On an intraday basis, the market is still quite vulnerable to falling hard on Thursday (exactly a week after Yellen’s press conference caused the market to start its drop, and appropriately enough, on a day when she is scheduled to speak yet again).
Exodus 8:2
We may be through with the past, but the past isn’t through with us.
I’m a big fan of history, and although I’m not a trained historian, I wrote a book about history through the lens of financial markets called Panic, Prosperity, and Progress (which has 22 reviews on Amazon, averaging 4.9 out of 5 stars………..so it can’t be that terrible). As part of this, I enjoy thinking of the arcs of history, particularly financial history, and anticipating where we might be going. This post is just such an exercise.
