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.

Fifty First Dates

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More instant gratification from SlopeCharts, my friends!

On Monday, a prospective Sloper wrote me and said that if we’d just add options expiration dates to SlopeCharts, he would sign up.

By Tuesday, we had spec’d, developed, tested, and deployed this new feature. Bid-a-bang, bid-a-boom. Let me explain how to use it.

First, you go to the Preferences (gear icon, in the lower-left of SlopeCharts) and, once the dialog box is up, you select the Appearance tab. You will notice a whole new set of controls, which I have tinted below.


Commitment From Bulls

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Monday’s session showcased commitment from bulls as they defended against last week’s 2980.75 key range low support on the Emini S&P 500 (ES) with a double-bottom low at 2982 during Globex trading. Price remained above the daily 20 EMA in the 2970s as the whole range day ground slowly higher with higher lows and higher highs into the regular trading hours (RTH) closing print.

The main takeaway is that the smaller range of 2980-3025 is taking place within the overall 2955-3025 range of the past couple weeks. Everybody and their mother seems to be waiting for this high level consolidation/digestion to complete and for the move toward new all-time highs as we head into next Monday’s quarter end and into October.