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.
Hot Coffee
One of my Internet heroes is Coffeezilla, who is a truth-seeker sniffing out financial fraud. He has a terrific show, and here he proudly announces that the SEC has finally nailed a criminal which Coffee was talking about three freakin’ years ago. Sooner or later, even the government sits up and takes notice.
Winding Roads
My post yesterday was close to the rally high so far and all the bear flags I showed broke down shortly afterwards and continued down the rest of the day.
Now on a break down from a bear flag the target is the retest of the prior low, but there are other options, notably when the flag that has broke down is just the first leg of a larger bear flag that is still forming, so I’ll talk about that today.
On SPX there was a strong break of the bear flag yesterday, 5min RSI 14 buy signals fixed near the lows on all of SPX, NDX, IWM and Dow, and played out this morning. A weak 5min RSI 14 sell signal has now fixed on SPX and it may be that the indices will turn back down here into the retest of Monday’s lows.
(more…)Patently Absurd
The Burning Light
Let’s talk about Lumen (LUMN) which has had an insane week.
In recent days, it went up about 900%. I never really followed the stock until I noticed on Tuesday that it was the top gainer in the entire market, just about doubling in price. I stupidly assumed earnings had just come out (when I could have easily just glanced at our earnings page to learn it was, in fact, not going to report until after the close).
Here’s the 5-minute bar chart:
