Hello from a tiny wooden table at the Whole Foods Market in San Mateo. I have yet another improvement for you on Slope: Price Cones. Here is the new menu item in SlopeCharts:(more…)
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.
As a follow-up to this morning’s Hong Kong Phase 1 post, there is now more market action, thanks to the U.S. Congress taking an extraordinarily rare, virtually unanimous, opportunity to voice its support for Hong Kong. First it was the Senate, and now the House joins them. I mentioned this morning, ” The ES needs to crack 3100, however, to get a little more interesting.” Well, it has done so, and I think 3105 is a fairly important line in the sand on the ES.(more…)
Quite a ride today, eh? I wanted to point out the Dow Transports have retraced to their trendline, which is support at the moment. This snapshot below was taken before the brief drop today, but the push to the downside was modest. Simply stated, this line represents support until such time as it is clearly violated and closed beneath.
Now that there’s going to be no trade deal (like I’ve been saying for years now……..) this post is a little more “iffy”, but I’ll throw it out there anyway. Specifically, gold’s breakdown from its triangle pattern (although, to be clear, it is strengthening now that this latest failure is news).(more…)
One of my short positions, DCP Midstream, had an important support failure yesterday. I intend to hang on to this until its full analogous plunge has a chance to express itself.
Haven’t heard much about the trade talks lately, have we? Maybe Kudlow is busy in the bathroom, powdering his nose. More likely, though, the fact that our Congress did the first decent thing in recent memory by showing its support of the Hong Kong students has concerned some people that the comical farce known as the China/US trade talks isn’t going to smile upon such a message.(more…)