I was looking at SPX doing my weekend charts on Saturday and a new high seemed likely and we saw that this morning. That’s great and decent looking possible daily sell signals are now brewing on both the RSI 14 and RSI 5. Ideally I’d like to see SPX go a bit higher to hit a trendline that I have above in the 2375/6 area, and Stan has a target slightly high at 2381, but I’m wondering whether it’s going to make it. It may be a slow road to get there if we do, and the 5min RSI 14 sell signal that has fixed isn’t encouraging for seeing that today. SPX 60min chart:
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.
Red Carpet
Anticipating the SNAP IPO
Just to give you some perspective as to this insanity……… (more…)
Money —> Mouth
In the spirit of my “don’t let ’em scare ya” post earlier, I bought a decently-large position in TWM, the ultrashort ETF based on the Russell 2000. Thus, I have three positions in my”ETF-only” portfolio – – DXD (ultrashort Dow), DUST (triple-short miners) and TWM. As an aside I’ll mention I sold off half my position of DUST this morning at a nice profit, since Rev is scaring me. If this turns out to be a good move, I’ll congratulate my prudence. If not, I’ll blame Rev. Win/Win!
