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.
Here’s your swing-trading watch-list:
Long Mastercard (MA)
Today is the last trading day of May and unless we see a really serious decline today, the monthly candles for May on NDX and SPX are going to confirm breaks above the monthly middle bands, which at the least isn’t going to do any harm to the bull case.
Shorter term SPX is still within a rising channel and is close to a test of the April high at 2111. Given that the retracement from that high was in effect a bull flag channel, that retest is the first target for that flag, and may be the second high of a double top, if SPX retraces enough after the test to break the rising channel.