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.
Facebook has been off the radar screens for a while, since it’s been pretty much a $27 stock, more or less, since freakin’ November (unlike some inexplicable high-fliers, such as the incredible sexy and innovative Campbell’s Soup or Johnson & Johnson – – check ’em out, CPB and JNJ, if you think I’m joking).
Earnings are coming up May 1st, marked with the red vertical line below. They’d better shock the bejesus out of people with their earnings if they want a chance of getting interesting to the investing public again, because they seem very vulnerable to slump back into their lower range in the lower 20s and high teens, as they were last autumn.
My sympathies this morning to the victims of the bomb blasts in Boston. A particularly contemptible act by deranged and hate-filled idealists seeking to make the world a better place through indiscriminate murder. As far as I’ve been able to ascertain no group has yet claimed responsibility, but I’m sure the full power of the US is bent towards identifying the perpetrators and bringing them to justice.
SPX fell heavily yesterday and closed well below both the daily middle bollinger band and rising support from the November low. I’m pretty certain we are making or have already made the Spring interim high here and we should see an H&S or double-top form here, though it isn’t clear yet which we are going to see: (more…)