Slope of Hope Blog Posts
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Charting is my passion, and with ProphetCharts dead and buried, SlopeCharts is now my new baby. As with ProphetCharts, I intend to make it the best there is. I beat everyone else before. I intend to do it again. And, as before, I will do so with almost no money and no resources.
This will start slowly at first but will build steam. I’d like you to know we’ve already made big improvements to the “bar so far”. This is the bar representing the current day’s activity (the term is something I came up with many years ago in the early days of Prophet; I’m not sure if it’s been stolen or not, but that’s the word I use). Any of you using SlopeCharts during the day, especially early in the trading day, will see a huge improvement. Oh, and you see this without paying any real time fees or signing any freakin’ agreements. You’re welcome. (more…)
This stock market is on a rampage. The VIX is hammered into single digits, and the SPY not only has been sailing higher for the past 20 months, it has even escaped its intermediate-term channel. The bulls are, without a doubt, running wild.
Good morning, everyone. Good to see so many new PLUS subscribers from the coupon promotion I ran last night. That offer is still running, if you didn’t get sign up yet.
We’ve got the U.S.S. SlopeCharts out to sea again, and you’re going to see a steady stream of improvements. I’ll even have a couple of let you know about this evening.
As for the market, let’s look at the mid-caps, by way of symbol MDY. Here’s the short-term view, and as it plain to see, this bull run we’ve had lately has been the strongest, steadiest, and most annoying of the year. We are rammed up against the Bollinger band and the resistance trendline.