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.
Take a look at the price gaps I’ve tinted as well as the red arrows. I think this is a “You Are Here” kind of moments. The market is EXPLODING higher, and I’d say if this is all TSLA can manage, it’s just about out of the proverbial gas. The stop-loss is represented by the dashed horizontal line.
At long last, the SPY price gap has been sealed up. Let’s get this party started.
So Jerome Powell’s speech had the market ‘on edge’ before the opening bell, but the real story centers on “The 4400” for the S&P 500 futures.
(Author's note: Yes I'm not dead. Just dealing with major health problems for my dad taking nearly all of my time away from trading. That's why I've been MIA from Slope since July.)(more…)
It seems like quite a dull day so far. I went ahead and ditched my GDX and GLD puts at a pint-sized profit, and I’ve trimmed back here and there to build my cash up to 10.1%. I think I’ll be doing no other trades today. What’s key at this point is the price gap on the SPY which, thank the market gods, we’ve stayed beneath. I’m planning to be on my first vacation of the century in a few weeks, so I’d appreciate it if the market could blow up so I could get out of my positions and take it easy!
Yesterday I suggested to my beloved Gold and Platinum members to go bearish on Apple and Amazon. So far, so good! And, at the moment, both of them are sporting superb bearish engulfing candlestick patterns.
