Next week is chock full of economic events (and this is just the scheduled kind).
What Do May Flowers Bring?
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.
Slow, Safe, and Steady
Here’s a long idea, for a change. This isn’t going to make anyone a fortune, but it is low-risk, it seems to me. Specifically, I’m talking about IEF, the 7-10 year bond fund. Its pattern is vastly better than that of TLT, and to my eyes it looks like a very promising long-term hold, provided it doesn’t slip below 92.79:
Up Against the Wall
Yesterday, Wednesday, I had an absolute blast trading. Today? Not so much. It seems there’s a lot more strength to this “trade war is over, so let’s all buy stocks” zeitgeist than I anticipated. I’d like to highlight some important Fibonacci levels with respect to the major equity index futures.
For the /ES, it’s at 5650, although there is a lower level, marked with an arrow, which I also regard as important. This represents the base of all the overhead supply, and if the market gods wouldn’t mind too terribly, it would be helpful if we didn’t even bother tagging the Fibonacci again. If we cross above the blue, however, the circle red number is the next meaningful resistance.
GOOG Earnings Trade
Resistance and Support
Today GOOG will release is earnings, the stock is rallying at the moment, I would like to show you the model applied to GOOG, to identify resistance targets for SHORT GOOG trades.
International Tops
Here are four long-term continuous futures contracts from overseas that have blasted back to major resistance points.
