Some of my favorite charts have lousy options markets, but here are a couple of nearly identical wedge patterns which might be good ideas for a simple short sale.
Pair of Wedges
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.
This Looks Insanely Cheesy
Plus, I’m not quite sure how they are going to end this. What’s the epilogue going to say – – that she’s awaiting sentencing? Anyway………..I’m suspecting this is going to be a dud, but:
Half a Trillion Dollars: Gone
Here’s how Facebook has been doing for its shareholders, having made half a trillion dollars vanish into the same place from whence it came, which is thin air:
Knock Knock
We did our monthly free public Chart Chat at theartofchart.net at 4pm EST on Sunday looking at the options on equity indices as well as looking at the usual wide range of other markets. If you’d like to watch the recording that you can do that here or on our February Free Webinars page.
At the closing print of January an RSI 5 sell signal fixed on the SPX monthly chart. There was already an RSI 14 sell signal fixed but the RSI 5 sell signal is a much more reliable and shorter term signal that has much improved the odds that SPX will deliver the ideal backtest of the 3800 – 3900 area that I’ve been writing about regularly since my August 6th post last year.
(more…)Morning Check-In
Howdy, people. Well, it’s an electrifying morning. as I’m typing this, the /ES is collapsing 0.04% and the /RTY is exploding higher by 0.06%. It’s even better than a weekend. In any case, the /ES has just been lumbering around, mercifully avoiding a breakout above that horizontal.
