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 market has been getting batted back and forth like a cat’s toy, thanks to an administration that isn’t sticking to a consistent story. Trade war? No trade war? Is China our friend? Our enemy? I suspect this will all be sorted out by the time Mexico pays for that wall we’ve heard so much about.
We are doing the monthly free public Chart Chat on Sunday. If you’d like to attend then you can register for that on our July Free Webinars page. We are also running our annual July 4th weekend sale over the next few days, so over that period annual memberships purchased have four free months rather than the usual two. As with all our memberships, as long as the subscription is continuous, the subscription price will never be increased in the future.
After a slow start SPX is coming into the ideal low area 2680-2700 that Stan has been calling for the last few weeks. SPX is in the low window and we think that a low this week is likely. (more…)
I mentioned this yesterday; I must agree with the President on this one!
Since the price of energy has been going higher and higher, there are certain industries whose profit margins have been shrinking due to their reliance on fuel in their business. One company obviously in this category is American Airlines, which I’ve mentioned here many times (as well as on my tastytrade segment). The breakdown continues……..
When I woke up at about 4:30, I wearily glanced at my iPad, and I saw futures were down pretty hard. Nice. I went back to sleep. An hour later I woke up for real, and saw everything was green. And what, pray tell, caused this nearly 30 point spike? None other than that weasel Steve Mnuchin, who – – as seems to be the habit of this administration – – walked back all the tough talk about China. The response was instant.