I look at hundreds of charts every day, and sometimes the number crosses into the four-figures. There is a certain class of stock about which I must scratch my head, and they are the ones which seem to, quite simply, do nothing but go up. I don’t want to own them, because they’ve ascended hundreds (or thousands…..) of percent, yet I don’t want to short them, because there’s nothing about them that suggests a top. But I gotta say, it’s a mystery to me why, on a daily basis,it seems that the world “discovers” these just a little bit more and nudges up their market cap. Endless trends violate my unfortunate need for an orderly world that makes sense. (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.
We seem to have settled into a pattern of interesting mornings and dull afternoons that close near a daily bollinger band. Yesterday’s close was at the daily middle bollinger band (or 20 DMA) for the third straight day. The lower bollinger band is now close below at 1678, and the upper band not far above at 1708. With all the action below the middle bollinger band this week I am cautiously expecting to see the lower band tested next. SPX daily chart: (more…)