I imagine this is going to go down in the same book that Michael Dell’s “Apple should just shut down and give the cash back to the shareholders” statement made when AAPL was seven bucks a share.
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.
I See Dead People Revisited
Back on January 31, as well as the month prior, I called your attention to LivePerson’s head and shoulders pattern. The stock did go a little higher, ultimately peaking at around $15, but it starting losing ground again, and this morning it’s completely blowing up, down one-third. A little patience paid off here.
Impulsive Move Confirmed
One thing I was looking for this week was follow-through on SPX to confirm the very bullish break over strong trendline resistance last Friday. Obviously we have been watching that follow-through and confirmation, and this means that we are definitely watching another impulsive move up. Last month’s topping process was just consolidation and the next topping process opportunity will begin when SPX breaks rising trendline support from the November low. There is no strong reason to think that will happen soon. (more…)
Sentimental Journey
Well, I’m going to get some work done this evening, but I wanted to sign off with an intriguing chart from over at Elliott Wave. It shows the most recent sentiment figures for the stock market. I’ve never seen optimism like this – at least not since late 1999. All the bears are either dead or – – like me – – bleeding and screaming in pain. If you think this a dynamite time to gobble up long positions, I won’t stand in your way. See you tomorrow, where another all-time high is sure to greet us.
My Supercharged Trip to LA
The vacillations in the stock market have made me not want to write anything about charts, so let me share with you a positive anecdote about Tesla (which is reporting earnings this afternoon, I believe).
One of the big appeals of the Tesla is its relatively long driving range. Whereas a Nissan Leaf, the other all-electric vehicle we own, will realistically get you about 70 miles on a full charge, the Tesla will give you about 270. This means that driving from San Francisco to Lake Tahoe or Los Angeles becomes practical in an all-electric vehicle. (more…)
