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.
Just a one-chart music…….along the same lines as my LinkedIn post, it just seems to me that as amazing a year as this has been for social media stocks, Zynga’s performance, relatively speaking, has been pretty sad. It did a decent job filling its gap (represented by the green tint), and my hunch is that it’s just going to languish in the low single digits, with occasional barfage along the way. This company peaked, I’d say, just before it IPO’d.
One of the few advantages for bears in a market like this (besides self-pity and, for masochists, a perverse, persistent pleasure) is it’s easy to smoke out weakness relative to Herculean strength. Look no farther than LinkedIn, represented by the black line below, as compared with Facebook, shown (appropriately) in green. If you consider the raging success of TWTR and FB over the past few months, and compare it to the completely flaccid behavior of LNKD, it’s not easy to divine that the first hint of serious weakness in the social sector will lay waste to Hoffman’s creation.
As some of you may remember, back on December 23rd, for about the first ten minutes of the trading session, every data feed on the planet had the Russell 2000 just plain wrong. The data was totally screwed up. However, since charting companies consider the data feed to be the Word of God, they aren’t inclined to change it. Thus, the likes of big boys like Yahoo Finance and StockCharts still look like this: (more…)
I learn a lot of things writing this blog. Some are edifying, and others……….not so much. Such as when I was searching for an appropriate image to augment my chart of the Russell 2000, shown below. Suffice it to say that, until this morning, I didn’t realize there was an entire fetishistic sub-culture that’s really into wedgies. So there ya go. (more…)
This move up from the Fed spike up has been an inexorable grind. Due to the way it started there are no really decent trendlines in play here from the last low, and so no real patterns either. In effect we just need this wave up to blow itself out, and the next high and low should start to give some shape to the current overall move. On ES I have a three touch support trendline that may or may not be of much use, but the best signal that the current uptrend has ended will most likely come from a break below the 50 hour MA, currently in the 1829 area. ES 60min chart: (more…)