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Long Builders FirstSource (BLDR)
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.
A Bit Higher, Maybe
SPX rallied yesterday towards a retest of the 2103.48 high as I was suggesting it would in my morning post. The rally was within a clear 70% bearish rising wedge, and that could go a bit higher still though a full retest of 2103.48 looks a bit ambitious. Rising wedge support was intact at the close last night. Once it breaks SPX should be in the short term topping process, and the downtrend should resume. SPX already did enough yesterday for this to qualify as the second high of a little double top. SPX 5min chart:
The Big Two Are Done Already
Well, the “big two events” of today are already complete, and the sun isn’t even up yet.
First off, OPEC has apparently amounted to a big fat nothing, which isn’t a huge surprised, since the nearly 70% explosion in crude oil prices since a few months ago have kind of calmed down the oil-producing nations. Thus, the oil market is selling off, since no deal or freeze is announced.
