Core Crude Failure
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.
Bidirectionally Wrong
1. Cathie Wood buys Coinbase endlessly at high prices, averaging nearly $260 per share;
2. COIN does nothing but weaken;
3. Wood finally gives up and DUMPS stock at a nearly $300 million loss to her “investors”;
4. Within a few days of Wood taking her huge dump, COIN explodes more than 100% higher
Crack Epidemic
It isn’t time to hoist any victory flags yet — not even close – – but it’s nice to see some fissures appearing in the self-delusional, carnival-barker, ethics-free hawking of stocks from the usual suspects. Here we see a failed bullish breakout on the S&P 500 futures:
Thursday Tensions
Tomorrow morning, Friday, will be the monthly jobs report, but there’s almost nothing in the way of news driving the market this morning. Thus, everything is just gently drifting higher. Here we see the /ES has maintained the breakout is achieved yesterday. A failure of this level, about 4147, would be a minor piece of bad news for the bulls, but it hasn’t happened yet.
QuickTrick
It may work, it may not.
It can be played on IWM, TWM and TZA.
The setup is a bullish falling wedge or bearish rising wedge, depending on the issue. For the setup to work, price must breakout – up or down – out of the wedge [and stay out].
Such a breakout [up or down], will often jump, and then step back to backtest the breakout. Other times, it will jump and keep right on going.
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