Inflation? What inflation?
Anyway, the market right now is as boring as Janet Yellen’s wedding night, so I’ll see you tomorrow.
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.
Knife Fight For Direction
Even if SPX resolves up here, and I’m leaning slightly towards that, the bears have impressed so far this week just by putting up an impressive fight on two consecutive days with very strong historical stats. As a general rule bears are barely noticeable as roadkill on days like these, so regardless of the outcome that is a show of some strength.
However to win this particular battle bears need to convert first the 50 hour MA and then the weekly pivot on ES, and that’s not happened so far at least. The longer that support holds the more dip buyers will be encouraged.
On SPX a triangle is forming that would lean 70% bearish, but at the moment that is trying to break up. Key resistance above is at the open gap at Friday’s close at 2368.06. That is a possible breakaway gap down until it is filled. SPX 60min chart:
Smelly Shoes
My latest short idea – –Foot Locker. I’ve got a stop of 74.95 on it. Don’t let these stupid countertrend rallies fool you.
KATE Kompletely Kollapses
As mentioned countless times in the hallowed halls of Slope – – a marvelous short.
Bee-Yoo-Tee-Full
Just a quick comment-cleaner to see that the retracement to this triangle on the @ES was picture perfect……..
