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.
Miners!
Just about the only sector whose ascent I celebrate is precious metals, and we have a positive event this morning in that regard as GDX blows past resistance.
Hard Fail or High Retests
In my post on the morning of Wednesday 30th July I was looking at the pattern setups on SPX, QQQ and DIA and saying that these delivered a very nice setup for at least a short time high forming there.
In my post on the morning of Friday 1st August I was looking at the first real signs of weakness on the US equity indices since the April low after the strong breaks of the daily middle bands on DIA and IWM on Thursday, and saying that confirmation was needed with further breaks of the daily middle bands on SPX and QQQ.
In my post on Sunday 3rd August I was looking at the strong breaks of the daily middle bands on SPX and QQQ on Friday and the closes well below the 3sd daily lower bands on DIA and IWM. I proposed a rally early this week to backtest the daily middle bands on SPX and QQQ while setting up high quality H&S right shoulders on both.
(more…)Whoosh!
With the notable exception of getting a roundhouse kick in the nuts by AXON, I’m having a terrific morning, because the market has reversed hard just like I hoped/predicted.
The Side with the Butter on It
Lest there be any remaining doubt of the value of aligning one’s company with the political party in power, look no farther than the deep state, deep data spooky high-tech outfit Palantir…….
