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.
Before I begin, I want to mention that, for the foreseeable future, building out and improving SlopeRules is going to be our main development focus. SlopeCharts has a few tweaks here and there I want to do, but honestly, I use SlopeCharts dozens of hours every week, and I love it. It’s ideal for my purposes and, I hope, for most of yours.
Second, remember we’ve got our Scientific Option Trading webinar tomorrow one hour after the close. We’ve got a really good crowd signed up already, so please sign up by clicking here to join.
So, about the market. I think today can be summed up with one image.
Reflecting back on my “Four Tints” from early this morning, I had pointed out this bullish setup:
I mentioned Tupperware (TUP) as a short many times, but it never seemed to do anything………..until today. Huzzah! A total wipeout. I’ll comment on that sniveling, sycophantic wimp Jerome Powell after the close.
As we all await Jerome Powell’s unpredictable antics……..
It was another strong overnight session for the bulls, powered by a relief regarding AAPL earnings and optimism about the Fed announcement today. To help assess where we stand, let’s take a look at the ES using some tinted ranges.