I am pleased to announce the latest addition to Slope’s product family.(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 we continue to frantically work in the Slope Labs to finish the alpha version of our latest product, I offer you some updated market charts with some words about each of them in the caption. As a general note about my own trading, I have pushed my commitment level to just above 100% spread among 50 roughly equally-sized short positions. Anyway, here are the charts, any one of which can be made jumbo-size with a click.(more…)
Here are some relatively new stocks which are sporting strong bullish patterns. I’ve shown the volume in instances where the volume behavior is amplifying the case to go long.(more…)
Who would’ve thought this possible………….just two months ago, reporters were asking Mnuchin if he thought the stock markets should be CLOSED.(more…)
In my last couple of posts I was writing about the rally scenarios on SPX and was saying that the recent lower high on SPX increased the chance that the retracement from that high was to finish forming a bull flag that would then break up into a minimum target at a retest of the rally high. The close last Friday back over the daily middle band was a pointer that SPX might be breaking back up, and that has followed through into a retest of the rally high, so that bull flag has broken up and played out. So where does that leave SPX now?
Well the first thing to say here is that the economic situation is not improving. The chart below is the Atlanta fed GDP forecast for Q2 2020 and at the moment that is looking like an expected Q2 2020 GDP in the -32% area. That is dire and it would be tempting to say that it is just deranged to think that stocks can head much higher in this environment. That said though, making money on stocks using economic fundamentals analysis has always been a chancy business and, while new all time highs directly from here look very ambitious, we could well see SPX go a bit higher before economic gravity drags SPX down to the lower lows that history strongly suggests will be coming in the next few months.(more…)