Our patron saint speaks again from the beyond; it is breathtaking to me that not only could he write such material, but actually recite it from memory so flawlessly. We miss you, George.
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.
One of the stocks I don’t touch with a ten-foot pole is Priceline. Yesterday afternoon, during my TastyTrade show, I was asked to chime in on this stock. I said I thought it would be higher today, based simply on the fact that it was sporting a very similar pattern than the one it completed in February 2012.
Well, earnings came out, and the stock slumped, so I figured I’d look like a bit of a dork on today’s show. But, for whatever reason, the stock did in fact open higher today, and I think – – as before – – higher prices are probably ahead. William Shatner’s fortune is probably based far more on PCLN stock than it ever was on Star Trek.
What’s been going on with the ES the past couple of days certainly seem exciting and dramatic when viewed very close……..
The largest short I had on when I entered the trading day was FXE, and I have added to it. This, of course, is the exchange-traded fund for EUR/USD, and although the pattern isn’t complete, a clean head and shoulders pattern is shaping up. There’s a long way to go , but a break of 125.92 would send this hurtling downward, in my opinion (ummm, obviously).