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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.
Transports Reach Resistance
I suspect high crude oil prices aren’t going to help, either.
Chart Construction Set
Electronic Arts (symbol EA) has a very well-formed right triangle failure. I have bought September 15 $130 puts on this based on its retrace back to its broken trendline.
Arrogance Terminus
Well, it couldn’t happen to a nicer group of guys. The swaggering, swine-like bulls came into this week, certain that S&P 500 was heading to 6,000 without a downtick in sight, and things short-circuited. Here are the small cap futures, which capture the sudden shift succinctly:
Torn Asunder
On Friday, whenever every known stock in the universe was raging higher and every known “analyst” was bullish, I meekly put up a post called Tesla on a Tear where I pointed out TSLA’s stock price relative to its FIbonacci level. If I had even half a testicle left on Friday, I would have said to short the bejesus out of the thing, but – – – I didn’t. Suffice it to say that the high of the day was FOUR SHINY PENNIES above the major Fibonacci resistance.
