Well, Groupon has been getting mauled all day. One can only imagine the emotional trauma suffered after the close yesterday by those long the stock, long the calls, short the puts – – – you name it. Because, for a while there, GRPN was soaring sky-high after earnings were announced. You can picture Groupon bulls chest-bumping and high-fiving, while bears opened up a fresh pack of razor blades. But hold the phone – – soon thereafter (again, after hours, where no options trading can take place) the stock began a free-fall. So the groups switched sides with respect do who was high-fiving and who was thrice-slicing. (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.
Bearish Retest – Probably
I was saying yesterday morning that an hourly close much over the ES 50 hour MA at 1830.5 would suggest a retest of the highs, and well here we are. There are two options here and the first, and my preferred option, is that we are going to see the second high of a short term double-top made here. The second is that after a very minimalist retracement we are starting a new move up. (more…)
