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.

Potential Head & Shoulders Forming on Amazon

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Amazon (AMZN) is forming a potential bearish head and shoulders pattern, as shown on the following weekly chart.

We’ll see whether it plays out, in view of their decision today (Thursday) to abandon their project to build their second headquarters in Long Island, Queens…at a loss of 25,000 job for New York. Their statement is here and it describes the political opposition it received.

Keep an eye on the momentum (MOM), rate-of-change (ROC), and average true range (ATR) indicators for direction and velocity purposes going forward. I’ve shown their input value as one period to illustrate that more clearly. (more…)

Oil Complex Attempting Breakout (by Moneymiser21)

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Seasonality part two appears ready to ignite oil bulls as the March contract futures options come to an end, and two key drivers are leading the charge.

Thursday at settlement (2:30 p.m. EST) will see oil’s March contract options vanish to expiration heaven … or hell if you’ve been trying to trend trade /cl with the bullish seasonality that oil has historically seen when the roll to the February contract options starts.

(more…)

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