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.
We have been using the Tinder Box theme in NFTRH lately. As in, stock market sentiment is so bleak, so depressed as to be a Tinder Box with the elements to ignite a flame that bounces the market, to clear the over bearishness at least.
We have successfully followed a plan every step of the way… 1. down from the August breakdown, 2. up on the bounce to SPX 1975 or 2040 (hit 2020) and now 3. down to a test of the October 2014 / August 2015 lows, which is a decision point between a bounce or an entry into a bear market (by making a lower low to October 2014).
And here, my friends, I present to you some of the very worst of America: sorority girls.
Vapid. Vain. Vacuous. And always taking selfies. Just drink in some of this and comprehend the blinkered Philistine pig-ignorance that is before you. All hail duck lips! Honestly. Watch this. Take a good, long look. It’s appalling on multiple levels.
rejoinder, of course, comes from Star Trek (since, in spite of my boyish good looks, I am a dork at heart).
Here’s today’s swing-trading watch-list:
Long Netflix (NFLX)
Bulls had a weak start but recovered strongly yesterday. That set up a rising channel that on the bigger picture is likely to be a bear flag. I was carefully considering upside resistance levels within that flag but the NFP number was bad, and it seems likely that the bear flags of various kinds on the various equity indices are likely to break down this morning. Scan 3x 60min SPX INDU TRAN charts: