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.
Hey Fellow Slopers,
On Friday, Tim Knight warned that the United States Natural Gas ETF (UNG) might be headed for steep leg down (“Is Natural Gas about to break wind“) For any investors who are thinking of holding their noses and staying long anyway, I thought I’d post a couple of quick ways to add downside protection to that ETF. (more…)
Yesterday was a good start for the retracement that I’m expecting to see here, with a daily bearish engulfing candlestick on SPY. I am concerned though that there was no daily RSI 5 negative divergence at the high, and am wondering whether the high will need to be retested. Either way the engulfing candlestick, while a strong reversal signal, needs to be confirmed with more downside in the very near future. (more…)
I’ve had a very busy morning with offline stuff so just a quick post today. There have been two promising setups for a decent decline on SPX and ES this week and, so far at least, both have just faded away as ES has instead been forming a rough triangle. In the context of the steep preceding rise I’m inclined to interpret this triangle as a (62%) bullish pennant, so I’m leaning towards at least a test of the highs here. ES 60min chart: (more…)
