The charts are super interesting to look at. How quickly things turn, as if on a dime.
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.
Retail Wrecks
One by one, retailers are blowing up. Don’t believe Kudlow or Mnuchin. They’re liars. The economy is heading into a cataclysmic recession.
Bitcoin Peak?
One of the great ironies of my charting recently has been my most sensational calls have been about something I’ve never traded in my life: cryptocurrencies. Maybe the objectivity of non-involvement helps.
In any case, back in March I made a bullish call on crypto, and they went up about 200% in the course of a couple of months. I’d like to suggest now, based on Fibonacci Retracement, that we’ve peaked. This is influenced, I confess, by my belief that cryptos have a very “niche” market in the future, and people seem to be under the delusion that buying cryptocurrencies is akin to investing in crypto-related corporate stock, which it isn’t.
Fudge Packard
We are a bit “off the lows” this morning, and I expect fight-back to be constant, but that’s OK. I’ve got my eyes on the long-term picture. And among many dozens of positions is this gem, Hewlett-Packard, whose stop-loss I have tightened up to 19.70.
Two Hundred
It’s a lovely setup. A two hundred point range, approximately, on the ES with failed support at 2800. Take away those 200 points, and you get the nice, round, psychologically-satisfying number of 2600. Given the former import of 2626, often cited here, it seems to me that figure is the one to keep in mind.
