Here’s your swing-trading watch-list:
Long Tiffany and Co. (TIF)
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.
Ba Ba Ba…Ba BABA Ran
As I thought it would (and mentioned on Tastytrade the past few days), Alibaba is enjoying the fruits of its breakout (oh, and no more “Jack Ma is funny-looking” comments from me; a friend of mine wants me to talk to him about my screenplay……….)
So Far, So Good
Yesterday morning I was looking for a test of the SPX 50 hour MA in the 2171/2 area and it was tested exactly at 2172 dead. SPX rallied there and ES has made further gains overnight. A lot of 5 & 15min buy signals fixed on various charts and it may well be that low holds and that the move up into a new all time high has started.
I do have a concern though, which is that the double top target wasn’t hit. It may be that won’t be hit, but until we see a conviction break over falling wedge resistance, which closed yesterday at 2178, then that is a possibility. SPX 15min chart:
The Giving Spirit
I am delighted to see Slopers contributing cash to help out Spirit the dog. Let’s keep that kindness flowing! Spirit needs our assistance!
Timmy and the Wolf
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.
