I’ve mentioned both of these stocks multiple times as shorts (sadly, I got impatient with them both and didn’t bother sticking with the position!)
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.
The Ephemeral Triangle
NQ/NDX and RUT/TF have now both reached their respective IHS necklines and broken slightly over them, so the possible Janus bear flag setups on both are set up and ready to fail into the retests of the previous lows. ES/SPX is the only laggard, but of course there was already a strong target at the last low there. In the video below I’m saying that ES/SPX may have topped out on this move yesterday. We’ll see.
I was asked a couple of questions about a fuller explanation of Janus flags yesterday and they are a pattern of mine so they aren’t written up formally anywhere yet. I tweeted a good recent example on CL and more explanation on my twitter this morning, so you can see that there if you want. Intraday Video from theartofchart.net – Update on ES, NQ and TF: (more…)
Mister Nice Guy
I heard a life tip the other day that I thought was valuable: “Never be the worst part of someone else’s day.”
In this increasingly-alienated world of ours, I find that to be good advice. I’m reminded of it because of something I’ve been experiencing a lot recently, and that is service personnel complimenting me on my behavior.
Has Canada’s TSX Index Reached Its Limit…Recession Looming?
Not much has changed with respect to price action since I wrote my last post about Canada’s TSX Index, as shown on the following monthly chart. It’s still dangling precariously outside of its long-term upward trending triangle formation, after dropping 7.22% from its record high set on January 4th. The momentum indicator is in downtrend, but remains above the zero level.
