Let me state the obvious: it’s one whole hell of a lot more fun to trade a market like the one from Feb 20 through Mar 23.………(more…)
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.
As fascinating as I find gaps, I don’t particularly understand their basis. Yet as we look at overnight action, we can see almost penny-perfect gap fills in the ES……..(more…)
As the market surges higher, in anticipation of Powell and his BRRRRRRRR machine, here are a couple of homebuilding-related ETFs that have closed, or are close to closing, their price gaps:(more…)
I realize that crude oil seems very cheap right now. Even so, I’d like to suggest that the oil and gas producers have already enjoyed their day in the sun, and energy bulls may want to regard the almost-closed gap with caution. Please take care note of XOP:(more…)
I’ve added the Materials Sector Fund to my shove-it-up-your-ass-Powell collection of equity shorts. Observe:
During yesterday’s momentous 2000+ point breakdown, I forgot to mention yet another fact that cements this new Bear Market into reality. The DIA trendline is broken. I’m not talking about some intermediate term line. I’m talking about the biggest of the big. Today’s rally did a gorgeous job pushing us right back to the price gap.(more…)