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.

Timmy and the Wolf

By -

The Dow 30 collapsed by 0.20% today, failing to make another lifetime high and compelling whiney permabulls to demand Congressional investigations and the Federal Reserve to double its budget for Adult Depends for their Chair-person-thing.

I actually had a decent day thanks to oil, but I gotta say, the chasm between energy stocks (which I am short) and oil (which I am not, but which is collapsing) is really pissing me off. They used to be joined at the hip.

0810-SPREAD

(more…)

Ho Hum

By -

This is some very slow tape. We haven’t seen tape this slow since last August, at the last very hard compression of the daily bollinger bands. One of my trading buds asked then whether we would every see volatility return to SPX and it was back soon after. It should be back soon here too but it may be a few days longer.

Since the start of the week Stan and I have been waiting for a test of the ES weekly pivot at 2165/6 and that’s a decent match today with the SPX 50 hour MA, currently at 2171/2. A 60min sell signal has now fixed and we should now see that test as a minimum target. If that level breaks and converts to resistance then we could see a larger retracement. SPX 60min chart:

160810 SPX 60min

(more…)