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.
A Vital New Gap
I’ve got to say, I feel so much better about the market here on Thursday evening than I did on Wednesday evening. The price gap which took place between Wednesday’s and Thursday’s session is an important new ally and marker for the bears, and as I look at the key equity indexes below, the charts are so, so much easier to read and interpret.
Financial Gap
The explosive move higher by financials, represented below by XLF, may offer a new short opportunity. We are very close to sealing an important price gap. I just shorted this with a stop-loss at 55.25:
Thin Red Line
Below are seven key ETFs. If the market gods smile upon us and keep the price action beneath the red horizontals, the bears have a serious chance of a good week ahead.
Key Price Gaps
I cannot overstate my relief that the SPCX insanity is in the history books now. I will not miss the three hundred articles per day about how to participate in the IPO. Not to say that people won’t watch every tick for the next couple of weeks, but – – let’s put it this way – – we won’t be stopping any more wars for an IPO for a few months. In the meanwhile, here are some crucial price levels (some of which are gaps, and some of which are proximal to gaps) to watch:
