YAYY!!!!!!!!!!
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.
Harry Boxer’s Charts of the Day
My Name is Earl
“Moments ago”, as Tyler likes to say, the crude oil inventory report came out, and – – much to my relief – -it did not soar (although, weirdly, 30 seconds before the report, it DID soar, and I was wondering if someone had screwed up……….but I guess it was just stop-running). Anyway, the market is still digesting the news, but as of now, we still haven’t really budged since the Big Black Down Day a week ago. Since then, we’ve just been hanging out at $46 or so.
Share and Share Alike
Yesterday, I let my Slope PLUS subscribers know about a feature in SlopeCharts that I built exclusively for them. Specifically, the ability to publish and subscribe to the watch lists of other users (and the charts therein, including the drawn objects for each chart). You can learn all about it on this page.
Here are a few relevant screen shots below. if you’ve been on the fence about subscribing to PLUS, this might just be what convinces you, since it’s just about the coolest thing ever. Again, you can learn all the particulars on this page.
All Fall Down
The decline on NDX on Friday was over 4% high to low intraday, and that was the most powerful one day decline that I’ve seen on an equity index in some years. I was talking on Thursday last week about the resistance trendlines on NDX and AMZN still being in doubt, and both were nicely clarified at Friday’s high. I also mentioned in that post that before the swing high that we are expecting here Stan and I would ideally like to see new all time highs made on all of SPX/ES, NDX/NQ and RUT/TF, and we saw all of those made before the reversal on Friday. This is a high quality candidate swing high here, but I’m just going to talk about NDX/NQ today as that has been driving the equity bull bus this year, and is the most important place to see high quality highs being made. (more…)
