Financial Napalm: The Fed Needed Stocks To Fall
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.
Current Trade Follow-Up (by XerxesTraderGF)
The past three trading days could not have worked out better. There was the perfect rejection of that resistance level of 4160 noted in my last post after being stuck in a very tight range and a great follow through once breaking down through support at 4080. The Friday close at the 3900 handle was equally enthralling. As most here noted, it is always good to be self-aware of your own excitement, because that is when things seem to turn. However, I’m going to lay out the remainder of my trade targets because it is just starting to get good.
I laid out my analog in the past showing the comparison between this market and previous bear markets. I actually added a few more into my analysis to try to be a bit more thorough (specifically 1968, 1981 and 2018). Each chart below notes 5 major inflection points.
(more…)It Wasn’t a Bad Guess
A Lehman Moment For Crypto?
Yet Another Victory Lap
Sorry to do this to you, but when I stumbled across oh-my-God incredible ideas I offered in the past, I have to share them. I have to have SOME way to compel people to, ya know, actually PAY me for my hard work 365 days a year. Anyway, the stock in question is Wayfair, which I fervently suggested as a short idea in a post from December 6 2021. As I describe it at the time, it was “at the cusp of breaking below a fantastically well-formed topping pattern.” Yeah, I’d say so……….arrow marks the sell spot:
