Here’s today’s swing-trading watch-list:
Long Intuit (INTU)
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.
How’s My Guess Doing?
About ten weeks ago, I put together a post called My Dream W.A.G. (for those unacquainted with this acronym, it is a sophisticated technical analyst’s term that means Wild-Ass Guess). The core of the post was this speculative chart as to where things would go from mid-December as we moved into the new year of 2016:
Rally Targets
SPX retraced to the bare minimum 23.6% fib retracement on Friday while forming a bull flag. That bull flag broke up overnight, and if new rally highs are sustained this morning, SPX should be on the way to test either the 50% fib retracement at 1963 or the 61.8% fib retrace at 2000. SPX 15min chart:
Trendline Blues
Well, an other morning, another 1%. That’s how it seems to go these days. A bright spot for me is my shorts in the gold mining area, since gold is tumbling hard again, but otherwise – – – I must say, it’s troubling that we’ve pushed above the intermediate-term trendline, shown below (the chart is the front month on the ES):
Ingrate
A week ago, I did two things in the same day which, in both cases, I had never done before: (1) I went to Cleveland; (2) I flew across the country and immediately flew back the other way.
I had never had any latent desire to visit Cleveland, particularly in the dead of winter, but fatherly duty compelled me to do so, since I had to escort one of my beloved children to a fencing tournament and, in turn, escort a different beloved child back to our fair town of Palo Alto. It was during the return trip that we enter the topic of this little post.
While waiting at the Cleveland airport, I had the need to swiftly get to our gate in order to secure adjacent seats for me and my child. The airport resembles a linear accelerator, since it’s very, very, very long, sort of like a mile-long hallway. I was beginning to traverse this length when a woman pulled up in an electric cart that looked like this:
