Here’s an interesting one: the symbol MKTX. It has a huge head and shoulders pattern.
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.
Doubled! But More to Come…..
Until SMH shoved it aside, XLU (the Utilities) was my favorite trade. It’s still my second biggest position, and I’ve never fallen out of love with the beast. Here is the current state of this exceptionally well-formed diamond on the Dow 15 Index itself:
A Modest Proposal
On Thursday night last week I posted a public model trade on my twitter taking a short on ES at 4561.75 looking for the 4350 area. That trade was in thirds, I posted all entries and exits in real time on twitter, and I took the last two thirds at 4399 yesterday for an average gain of 142.5 handles per third. It was a nice trade, and I picked the high area using the SPX 5min chart below on an impressively sweet setup shown below. This move was only a part of the overall scenario here however.
SPX 5min chart (from 14th Sept):
The Wisdom of Giving Up
Let me take a break from the mountain of excited emails flooding my inbox (actually, not a single person……..) and offer a bit of a life lesson with respect to charting. It has to do with this:
Realty Income Short
Here’s an easy one to remember, since it is one of those rare single-character ticker symbols, “O“, with a terrific diamond top pattern:
