Energy – Page 199 – Slope of Hope with Tim Knight

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.

New Highs on SPX

By springheel_jack - 12 years ago (14, May 2014 6:21:10 AM)

SPX made a new high yesterday at 1902.17 after breaking up from the range trading of the last few months. Kudos to my EW friends Pug and Alphahorn who both called this bullish resolution correctly, with Alphahorn saying last week that both of his bull and bear counts required new highs on SPX. That looked somewhat doubtful at the time but well, here we are.

On the SPX daily chart there is nothing to suggest that the new high yesterday might be a significant reversal level, and I’m looking for more upside after the current small retracement completes. SPX tested the upper bollinger band at the high yesterday and we could start a bollinger band ride upwards with SPX trading around the upper band. There is some significant resistance however at the weekly upper band, currently at 1907. SPX daily chart: (more…)

SandRidge Energy (SD) on the Move

By MPTrader - 12 years ago (08, May 2014 11:48:35 AM)

SandRidge Energy (SD) appears poised for upside acceleration after spending the past 2 weeks consolidating its March-April up-leg. All of the action off the April 23 rally peak at 7.10 has the right look of a mature bull flag-type of consolidation pattern that should resolve itself to the upside in a thrust to the 7.50 level in the coming days. (Click on the chart in case you actually want to see the damned thing).

By Mike Paulenoff, originally published on MPTrader.com.

Tug of War

By springheel_jack - 12 years ago (08, May 2014 6:00:46 AM)

The SPX daily middle band and the 50 DMA at 1864 were tested yesterday and bears managed to get as far as 1859 before a very strong rally began that lasted the rest of the day. Nice recovery from the bulls, and SPX is still stuck firmly in the middle of the current range between 1850 and 1897. SPX daily chart:

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Slow Starter

By springheel_jack - 12 years ago (30, Apr 2014 6:21:46 AM)

Yesterday was more tedious than I expected , though the bulls made some significant targets, notably the 50 hour moving averages on both SPX, now at 1873 and ES, now at 1868, so in effect at the same SPX level. The action yesterday looked somewhat bearish in the afternoon, and a new falling megaphone has been established, which I posted on twitter last night. If we see weakness this morning, which seems likely, then I will be looking for possible support at 1873 SPX. SPX 60min chart:

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No Cigar

By springheel_jack - 12 years ago (29, Apr 2014 5:59:37 AM)

The bears put on a brave show yesterday trying to break down through support but the afternoon rally wiped away the losses, and SPX closed well above support at the daily middle band and the 50 DMA. Now, with 16 of the last 18 Tuesday having closed green, the bulls have their shot at breaking out of the current range. SPX daily chart:

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