This Daily chart of the GOOG:AAPL ratio shows the outperformance of GOOG to AAPL from mid-2012. Price will be nearing a resistance level at some point in the not-too-distant future — we’ll see whether, as and if that occurs, the buying picks up in AAPL and gains any momentum. If not, then we’ll continue to see the spread widen between these two technology giants (in favour of GOOG). (more…)
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.
Three Bullish Web Stocks
These three stocks share three things in common:
- They were beaten to smithereens;
- They have built out a decent base since then;
- They are all relatively new Internet stocks
If I were going to buy something net-related, I’d rather own one of these instead of, say, Facebook, whose price action is about as exciting as a dividend-oriented utility stock from the midwest. (more…)
Resistance May Be Futile
ES/SPX went to the level I expected yesterday …. and then a couple of points further. That was disappointing as it has compromised the upper trendline of the rising channel from the November low, to the extent that I don’t think that can still be relied upon as resistance. IF SPX turns back down here then the negative 60min RSI divergence should deliver a retracement for at least a couple of days or so: (more…)
May 15th, 2013 E-mini Prep Work
The fundamental backdrop coming into today’s session is that back to back trend days only occur 14% of the time. In addition this gap down situation currently is set to open within a 3-5pt range putting the odds of the gap fill at roughly 73%. (more…)
