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 Inflection Point Here

By -

In my post on Wednesday I was looking at the H&S patterns that had broken down on SPX, QQQ and DIA and saying that, for a variety of reasons I explained then, I didn’t think any of those H&S patterns were likely to reach their targets, and would likely instead fail into retests of their all time highs. Since then we have seen the start of rally I expected and equity indices have reached another inflection point where they can either break up towards retests of the all time highs, or fail down into those H&S targets.

On DIA the H&S failed this morning on the break back over the H&S right shoulder, and that now has a target at a retest of the all time high, but the big dogs here are SPX and QQQ, so I’ll mainly be looking at those today.

(more…)

Undefined Risk

By -

I was pretty excited to find out how many SPCX shares I was going to get, but right now it’s just moments until the opening bell and they STILL haven’t told me. I’ve requested 1,000 (500 each in two accounts) but this is still TBD.

I have removed ALL my stop loss orders until the market opens so I can get a sense of the market. It’s insane to me that the market has gobbled up the incredibly (and I mean INCREDIBLY) obvious lie about the peace deal yesterday.

I am now totally convinced that the citizens of the United States love one thing more than anything else, and that is being lied to. They cannot get enough of it.

Good luck today. It is going to be clinically insane.