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.
Whether or not the overall market is currently making a top is debatable and something I will discuss in this weekend's newsletter (make sure you sign up on the blog's homepage). Nonetheless, I thought tonight's blog could discuss what investors should be looking for when analyzing charts as this could help investors in the days ahead.
Tops in stocks and markets are almost always a somewhat long drawn-out process. Therefore, there are often plenty of pitfalls for investors who often get sucked into believing that a short-period of weakness/retracement was in fact the actual "top". Investors of all stripes are often too quick in trying to protect hard earned gains and more times than not, all they end up doing is selling their positions out well before their investment reaches the real end to its current trend/move.
I'm going to break with the Friday afternoon tradition of trying to find a fashionable-looking bar image and instead offer up some Devo. This is, as any Sloper worth his salt knows, a favorite band of mine, and I've been listening to them all day. Listen to it in the background, or if you want, watch the video as well. You'll be amazed what they were able to do 25 years ago. Have a good weekend.
Another favorite retail short of mine is Bon-Ton Stores (I have never seen one of these in my life, nor do I know where their 'tard name hails from). The main reason for this post, of course, is to spare your eyes from any more Abigail. Anyway, here's the chart.
In an attempt at reversal psychology against the universe (as opposed to, say, the Let Em Burn video), I am whole-heartedly supporting AJC's target of 1500 (or more! much more!) on the S&P this year. In fact, I hope the bulls have a terrific 2011. Go get 'em, Abby!