The miniature head and shoulders pattern beneath major resistance (the red horizontal) completed today. The topping pattern is massive, yet the battle is unchanged: it’s the Fed versus Truth. I can’t think of any plainer way to express the war that’s being waged in the equity markets each day. Here is the Dow Composite with the relevant mark-ups:(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.
Heikin-Ashi is Here!
One long-time request we’ve had about SlopeCharts is to add the Heikin-Ashi style of candlestick charts to the product. Well, it’s here! When you right-click on the chart, you’ll see the expanded list of chart types available:(more…)
About Those V Bounces
Yes, you can get a 250% bounce in the span of just a few weeks. Just understand there was a reason it fell in the first place. For example, symbol FTAI:(more…)
Just a little musing on something which occurred to me this morning…….
I am a fan of history, and a fan of analogs. Those two interests combined this morning, when I wondered to myself if there are any parallels between the Molotov–Ribbentrop Pact of 1939 and what the U.S. and China are going through right now.
As a refresher, the 1939 agreement was a non-aggression pact between Germany and Russia. Simply stated, they agreed not to attack one another, not to ally themselves with any enemy of the other, and (secretly) to define their spheres of influence over Europe.(more…)
My Portfolio Process
I’m not sure if I’ve ever talked about this before, but I thought some of you might be interested in knowing how I go about dealing with my portfolio.
It’s really all about the watch lists. Specifically, three watch lists of mine called Core, Bear Pen, and TK Short. Here is sort of the “flow”, which I’ll describe next.(more…)