I wanted to let everyone know well in advance that I’ll be heading off on a European trip for about ten days a week from now. From July 29 to August 9, I’ll be on the European continent in a pattern something along these lines:
I’m mentioning this for three reasons:
- If there are any Slopers in Prague or Berlin, drop me an email. Maybe we can say hello in person!
- I’ll be extra-grateful for content from outside contributors during my ersatz vacation (I’ll be
begging emailing them directly shortly before my trip).
- Blogger’s guilty is already setting in – - I won’t be posting as actively, particularly since trading hours are, shall we say, much later in the day where I’ll be. But, guilt-prone blogger that I am, I’ll still doing a hell of a lot more posting than most of my peers in the blogosphere.
And, of course, I’ll be sure to post a few interesting photos during my travels. For now, however, I remain firmly ensconced in Palo Alto.
Although the daily magical levitation continues across the equity markets (in spite of the world going to hell in a handbasket), I’d like to meekly point out that the mid-cap index is playing with fire. Take note of recent action, and in particular pay attention to that red support trendline.
Ferro Corporation continues to weaken, and I think if it breaks the lower boundary of its range, it will make its measured move that I’ve indicated with the color tints.
Here is today’s swing-trading watch-list:
Long Cliffs Natural Resources (CLF)
I’m typically spoiled in the early morning hours by a Springheel Jack post, but perhaps what he put up yesterday was “Monday’s” post. I’m too bleary-eyed to research it. Anyway, just to get the silly video off the top of the page, here’s a chart of one of my shorts which is breaking support this morning: Louisiana Pacific.
As with those listed on my Saturday post, here are positions that I intend to short – - but at hopefully slightly better prices.
Series of lower highs along a descending trendline……