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.
Why Fight The FED? (by BKudlaQA)
Danger, Will Robinson (by BKudlaQA)
I will let these three set of charts speak for themselves. I already have sell signals on SPY, Risk and SLW. This market is flat topping to boot. Per my cycle guy @polytrade on Twitter we are due for a pullback, as well. Enjoy and follow the actionable signals. Hat tip to Mcclellan Oscillators, Kitco, and Market Montage respectively.
The Dollar Is Set To Rise (by BKudla)
Oil Study by BKudla
Looking at this sequence of the USO chart shows us some tradeable information. First off the weekly is showing us a huge range, and within it, a smaller secondary range. The two daily charts show, one a successful test of the secondary range last week, and zooming closer in we see a series of higher lows on price and stochastics, and a nice gap just above price.
My play is this, I opened a 25 option Sept 33 call position on the open on Friday, plan is to sell or scale out on the gap fill. Then I will watch for a successful move above the next fib line or a failure of the range low for my next move with USO.
Market Sniper pointed out a trader post on playing ranges yesterday, and looking back at the weekly you can see a failure of the smaller range gives a high probability of a test to the 09 lows.
One mistake in my chart, the smaller range is the 10 lows, not the 09 lows, sorry.