Old-time Slopers will recognize this gem from the blog’s past. Newcomers will wonder what on earth is going on. Please note this video is very much NSFW, particularly as it progresses. And, yes, this seriously was a legitimate English instruction video.
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 TSO, HTZ, DYAX, NE, SPLK
The One Percent Falter
When I was in high school, there was one kid (a punker) who wore a t-shirt that said EAT THE RICH. It was obnoxious, but as I’ve grown older, I’m starting to embrace that philosophy. In any event, it’s heartening to see that as the mega-bubble reaches its ruinous end, the cracks are beginning to be seen in places like Ferrari’s IPO, which is beginning to poo all over itself.
I suspect, as the months wear on, this thing will continue to collapse. I mean, come on, people – – it’s Ferrari, for God’s sake. Do you really think this is a business model with a fantastic future?
More Short Term Sell Signals
The rising wedge on SPX/ES that I posted on Monday morning still looks fine and the obvious next move is a retracement into wedge support, currently in the 2042 area and rising at about 20 handles per day. With open 15min and 60min sell signals, that wedge support could break. SPX 60min chart:
