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.

Another Week, Another Inflection Point

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Apologies for the lack of a post last week. Some of you know my wife has some health issues at the moment and they have me distracted. I’m doing this post tonight because SPX is at a key inflection point and because the way this breaks may deliver the direction for the rest of January.

Before I start I have a quick announcement.  We (theartofchart.net) have launched a new options service run by an old friend of the site Paul Frey. This is an educational service looking at options trade opportunities in real time run by a thirty year veteran of options trading. If your interested you can read about the service and access the free trial here.

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Hand Me That Cup! (by Ryan Avril)

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Thanks to TK’s posts about the “Unicorn Stocks” starting to gain in volume and price, I noticed that many of these newer stocks are starting to make bottoming formations.  This lead to me to look through my watchlist for other basing patterns, in particular, the cup with handle formation. 

Some of these stocks have fallen due to earnings, some may be due to Trade War fears.   Now they appear to be bouncing back.  Most of these patterns still need to complete the base, and form the “handle” if there will be one.  Either way, here is the list of stocks with the patterns drawn in, all forming over varying time scales.

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The First Five Trading Days Of January

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The holidays are ending and volume should be coming back into markets next week as players return. New Year’s Day on Wednesday is obviously a holiday as well, and the five trading days after that will be closely watched to deliver an indication of how the rest of 2020 might go. I’ll be looking at that stat closely later in this post but first I’ll review SPX and NDX and the position as traders return for the last two trading days of 2019. I would note again that the last trading day of the year is the only historically strongly bearish day in December, with SPX closing down 67% of the time, and Nasdaq down 15 of the last 19 years.

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Not Even A Mouse

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Well the holidays are upon us, and many of those of us with lives, or even just social lives, have taken a couple of weeks off to do non-market stuff. Even the algos seem suspiciously quiet and may be taking a few days off too. I’m still here because …. well ……. it’s my job, and someone has to stick around to switch off the lights and lock the doors after the last buyer has departed for the holidays. In the meantime I’m doing an update for anyone still around to read it.

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