There’s been a lot of talk lately about Facebook, since its embarassing IPO happened a year ago. I just wanted to spend a moment reflecting on fame and entrepreneurship. First, let’s take a quick look at Facebook and, in the corner, Time Magazine’s Man of the Year from 2011: (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.
Priceline Target
I long-ago abandoned trying to make sense of Priceline’s popularity as a company. I’ve tried to use the service many times, and I wasn’t impressed, but that’s just one person’s experience. This stock lurches to lifetime highs on a near-constant basis.
Based on the latest break, I’d say it’s going to keep churning higher until it reaches a measured move of about $835. This is very similar to what happened last time. (more…)
The Next Level
SPX broke 1660 area resistance on Friday afternoon and closed the day at 1667.47 SPX. On the SPX 60min chart the current rising channel from the 1536 low is still in play and support there is in the 1640 area, with resistance now in the 1675 area:
May 20th, 2013 E-mini Prep Work
Coming into today there are several areas worth noting.
First off resistance: 415pm gap fil- 1663.75, Overnight High-1664.50 and Friday’s High- 1665.75
First midpoint Current overnight low- 1659.75, Low volume node from the multi day breakout 1660.25, daily pivot point 1660.75, Value area high- 1661.00 (more…)
