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.
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.
SlopeRules 0.15
OK, this product is getting a little momentum behind it! I am pleased to tell you that SlopeRules (accessible via SlopeCharts) now has Edit and Delete functions, which means you can – – well – – edit and delete SlopeRules sets now. It sounds basic, but it’s obviously important…….and it’s ready!
Pop in Context
Apple is moving higher after hours, very much in line with what I’ve been predicting given its long-term price patterns. To be sure, the move is a hearty one, but I’d like to present one simple chart to at least present to you this “explosive” move higher with some context.
Awaiting Apple
The next 24 hours are going to be a pretty big deal. The two big events on the horizon are Apple’s earnings (after the close today) and tomorrow’s Fed announcement. Let’s focus on Apple.
Below is the entire history of Apple as a public company. I’ve tinted four general phases:
Broker/Dealer
In spite of global central bank purchases, equities in the broker/dealer index ($XBD) remain penned in by their descending trendline. Speaking of brokers, please read the “Small Exchange” post I did last night, which is open to all viewers. I am very excited by Tom’s development, particularly since SlopeCharts will be able to get intraday futures data without breaking the bank.
