Head and shoulders tops these well-formed are not common!
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.
The Way-Too-Easy Bounce
The lifelong dichotomy remains the same: I am exceptionally pleased with my charting, which in retrospect was at Nostradamus levels, whereas I’m sorely disappointed in my personal trading. Mercifully, you only get part #1.
Below are some conjectures about where a bounce might take us. If these actually take place, the market gods aren’t even TRYING, because these are just way too obvious. But for what it’s worth……….
Shop ’til It Drops
A viewer of my tastylive show wrote me this morning to suggest Shopify (SHOP) as a short. I’m inclined to agree, so I bought a bunch o’ September puts this morning. It’s a love head and shoulders top.
Life Spent Forming an H&S
Below is SAGE, which has spent its entire existence building the biggest head and shoulders top in history. I suppose it is destined for $0.
Staring at the Ceiling
Happy Wednesday, everyone. This is one of those rare days than I celebrate equity futures being green. My assessment (and hope) at this point is that the futures will fight their way back to the horizontal lines I’ve drawn. I reserve the right to change these, of course, but these are my best approximations right now on the S&P 500 futures……
