One by one, the March 23rd trendlines are breaking. Good stuff.
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.
Wedged
We have genuinely reached a decision point, represented by the intersection of they key trendlines I’ve drawn.
Three Theoretical Bears
Just to start I want to state a clear health warning for the historical stats I’ll be weighing at the start of this post. This stats can give a useful lean, but even an 80% bullish lean still assumes 20% odds that the market closes higher that day, and this lean in either direction does not carry with it any indication of how far up or down markets might close. That said, as a tool in the technical toolbox these are always worth looking at in my opinion, and often deliver decent results.
In my intraday video on Thursday and my premarket videos on Friday and this morning at theartofchart.net I was looking at the historical stats for those days and for this week and proposing a possible course that SPX might take into the end of this week.
(more…)Portfolio Group: Repeated Pattern
Preface to all four parts: This weekend, I am sharing my (rather small) portfolio of 37 short positions. I have gathered them up into four distinct groups. This group consists of positions based on charts in which a recent pattern has also occurred one or more times in the same stock’s history.
Portfolio Group: Too High
Preface to all four parts: This weekend, I am sharing my (rather small) portfolio of 37 short positions. I have gathered them up into four distinct groups. This group consists of positions based on stocks which recent prices are, in my opinion, just too damned high! More specifically, stocks that seem very “stretched” to the upside.
