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.

Living in Crazytown

By -

The 45 day pivot on ES is at 2010 today and in the 70-85 range above that so far today ES has been in Crazytown (70 handles above) and Bet The House (80 handles above). ES has been trading in these areas all week so, as I mentioned a week ago, SPX is very vulnerable to a sharp correction starting here, and the chances of starting another significant move up from this area are low. Not much to see on the short side here until we see some support trendlines break but the next likely significant move is highly likely to be down, so there’s not much to see on the long side here either, other than intraday.

When was the last time we spent several days trading at these kinds of extremes? Just before the October low. Just sayin’.

(more…)

USO Long (by Retracement Levels)

By -

For those that are inclined to believe that the current Oil recovery has some more room to go, a quick LONG trade (buy the dips) on USO, the levels to trade LONG are those indicated, start your accumulation from 14.39:

Click here if you want to gain access to all our quantitative trading models, we cover a number of selected ETFs, FX Spot, Indices and Futures markets (full list).