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.
SlopeCharts and ADX
It has been a while since we’re introduced any new technical studies to SlopeCharts, but we’re going to be beefing up this portion of the product. The newest entry, available to you right now, is the Average Directional Index (ADX).
The most important thing to understand about ADX that makes it different than most indicators is that, in spite of the word “directional” in its name, it actually should not be heeded for guidance about direction. The indicator is all about trend strength. In other words, the ADX could be moving higher and higher while prices are moving lower and lower, and all the ADX is telling you is that the trend is strong and getting stronger. The fact ADX is going “up’ doesn’t mean prices are doing the same.
(more…)Beacon Beckons
Let’s step away from the China trade deal collapse (since it evidently had only a multi-hour effect on the market) and look at a specific idea: Beacon Roofing. The symbol is BECN, and they report earnings tomorrow after the close. I have shorted it with a stop-loss price at 38.95, which is 3.5% away.
The Trendline Mattered
Since the federal government, which has wholly perverted worldwide equity markets, decided to directly intervene last Christmas, the ES has added over 600 points, like so:
Kudlow: Megadouche
You just knew it had to happen. After Larry “three times married” Kudlow went on his cocaine-induced rant in front of the White House about how awesome the economy was – – you just KNEW it was destined that he would look like the complete asshole that we all know he is. And, voila:
