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.

S&P Cycle Points Lower (by Mike Paulenoff)

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Today is day # 59 within my 70-75 day S&P 500 cycle. This means that the cycle is 79%-84% complete (from its prior low on March 16), and also means that it is in its final 15%-20% (down hard) period ahead of its anticipated low/bottoming timefame in and around the end of June-early July (June 27-July 6).

Also due to bottom at that time is the 20-25 day cycle, forming a "dual cycle low."

Rallies usually fail and surprises tend to trigger negative price reactions within this "down hard" portion of the dual cycle period. My next optimal target zone points towards a test of critical support around 1255-1249, which represents both the rising 200 DMA and the prior significant (dual cycle) low at 1249.05 from March 16.

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Originally published on MPTrader.com.

Chart on VRUS (by TraderHR)

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Pharmasset, Inc. (VRUS), after a big surge in price and volume in March and April when the stock doubled, has consolidated in the last 30 days in a rectange pattern. The stock appears ready for another breakout above key resistance at 110 area.  If a breakout above 110 occurs, I expect to see VRUS move toward the 117-120 area. Preferred entry (buy stop) price is at 110.80, with a stop at 104.00.

VRUS-Daily
Originally published on TraderHR.com.