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.

SPY Daily Recap (by Leaf West)

By -

Phoenix_04 Today was an important day with the pre-market release of the employment numbers … the report was a bit of a dud and it was quickly blamed on the weather.  The market took it in stride and all things pointed to the market being in a relatively positive mood for the day. (read my pre-market blog). 

My plan was to play for long scalps off of support areas and to not chase the SPY if it made new highs.  I didn’t think that there was enough “news” to provide the fuel for a real “gap & go” scenario so the high percentage trade was to sell resistance and buy support.

Let’s do this …

 

(more…)