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.

Breaking Back Over The Daily Middle Band

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Stan and I are doing a free public webinar 30 minutes after the close tonight entitled ‘Turn Around Your Trading Part 3’ on turning TA into profitable trades. If you’d like to attend you can register for that on our April Free Webinars page. Stan and Suz will be following that with another webinar on option premium capture, and registration for that is on the same page.

SPX broke back under the daily middle band on SPX on Tuesday, and confirmed the break below at the close yesterday. If SPX breaks back above the daily middle band today, as seems likely at the time of writing, then that will need a confirming close back above tomorrow.

I posted the key declining resistance levels on SPX and ES on my twitter this morning and they were in the 2662 and 2670 areas respectively. The break above today opens a possible retest of last week’s highs and maybe higher. (more…)

Kicked in the Spectacles

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To great fanfare, Snap, Inc. went public a little over a year ago, and in spite of the excitement over the IPO, the company has delivered a return of about negative 50% to those embraced the offering. Since then, the company has struggled to distinguish itself and get its stock hot again, but nothing has really worked so far.

The company introduced a line of sunglasses with the terribly inventive name “Spectacles“, but it was a bomb, and hundreds of thousands of them wound up unsold, probably left to rot in a public dump somewhere. Undaunted, the company has launched its follow-up product, not terribly inventively named “Spectacles 2.” Like its predecessor, it’s basically a way to film people in front of you with built-in cameras:

sunglasses (more…)