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.

Snowball in Hell

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After seven consecutive “up” days in the S&P 500 (can you imagine the criminal charges that would be filled if there were seven DOWN days in a row!?!) I decided to mess around with SlopeRules this Friday evening.

I’ll mention as an aside the two new rule sets I just made – Snowball in Hell and Snowball in Heaven – I’ve published, and you can fetch the rules using the Search feature.

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So Here We Are Again

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On Tuesday I was looking at the obvious resistance trendlines on SPX that might be hit this week in the 2885-2900 area and I’ve been watching those since. This morning they have been hit at 2891/2 with a possible hourly RSI 14 sell signal brewing, so this is an important inflection point and possible swing high area. I talked about that before the open this morning and this is the full version below of my premarket video also covering the usual wide array of future and forex instruments.

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Knee-Jerk

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The monthly jobs report came out, and the jobs added number was stronger than expected. The initial reaction to these things is not always indicative of where we close for the day, but it’s always interesting to see the immediate reaction (and, five minutes later, the reaction to the reaction).

Stocks (see here via the ES S&P 500 futures) got their first spike up after hours on Thursday when the 173nd declaration of positive trade talks came, this time from Chairman Xi. The second spike, in green, was the initial boost for the jobs report (which is fading as I’m typing this).

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