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.
I found this stock in passing (funny how I find some of these interesting charts without seeking them out intentionally) and it looks quite bullish in the short term. It has a textbook bullish pattern of higher lows and is meeting short term resistance near 180. Fundamentally it seems cheap as well as the PE ratio is a mere 2.14. I think this has a decent chance to breakout and will be watching for the break above $180(more…)
I’m watching a few different timeframes to get ideas from a technical perspective in SPX. I’m sure everyone in the past two weeks has been hearing about how “After a large down year, the S&P 500 returns +%”, blah blah blah. While I understand and occasionally do studies like that, I think calendar year is simply too long of a timeframe. It doesn’t capture the length or nuance of the bear markets to determine the next short-term move as we only have about 70 (?) reliable yearly candlesticks to base any analysis on, which doesn’t seem like a lot at all. I prefer to use quarterly as the longest time frame for my candlesticks.(more…)