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.

A Polite Cough

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I’ve been ill or recovering much of the new year so far, as has Stan, and much of the western world as far as I can tell, and I’ve managed to keep up with my main work at theartofchart.net but this is an unusually late first post for the year.

That’s not the polite cough that I’m referring to in the title though. SPX and ES have been on both daily RSI 14 and RSI 5 sell signals since the end of 2017 and a polite cough to the upside would at this stage be all that is required to kill the underlying RSI divergences and fail those signals. We may well see that happen today, though there is at least some reason to think that bears might be able to pull off a last minute decline to save them from that failure today.

I look at that in my premarket video this morning, though with the observation that it’s not a trade I’m taking. I’ve included the whole video today so if you’re interested you can see which other trades I do think are interesting, notably CL and KC today, and managing existing trades in ZB and NG. The part on equity indices is covered in the first five minutes. Premarket Video – Update on ES, NQ and TF: (more…)

BitBrain Levels

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Since last night’s USD/JPY drop didn’t amount to a hill of beans (quite the opposite – -ES and NQ are both green now, naturally), let’s turn our attention to the one space that typically has interesting action; cryptos. Specifically, Bitcoin.

As we all know, two big exchanges launched Bitcoin futures last month, one December 10 and 17. Interestingly, the 17th was (so far, at least) the lifetime high for the instrument. After trading at about $20,600, it lost about half its value, only to recover most of that loss based on well-founded BTFD mentality as well as a big positive push by Peter Thiel.

xbt (more…)

Those Scheming Kids!

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Oh, no. Not another SlopeCharts improvement! YES! My improvements will not be stymied! So what’s the latest feature to my beloved chart platform? Color Schemes!

To change the color scheme, just go to Preferences and select from the dropdown (the one you are already using is called, of course, Classic).

schemes

Here, for instance, is Dark. Nice, eh?

black

One final note: the scheme you use is included in Styles, so whenever you save a style, the scheme will be part and parcel of it.