These charts all have in common the fact I have short positions in them and I find them particularly appealing as a chartist. I’ll be doing a series of these posts all weekend. Here’s the first tranche:
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.
Just out of curiosity, I did a search in ProphetCharts; I confess I’m surprised…….
As strong as the market is today, it’s interesting that a major equity fund – in this case, the emerging markets, shown below – is still in the red. My view is that it’s going to remain below the tinted area I’ve drawn and is much more vulnerable to any market weakness than the likes of SPY, DIA, or QQQ.
I decided this morning to stick with a watch-list all in one direction, since I managed to bungle the entire watch-list on Wednesday.
Long Web.com Group (WWWW)
As we all bask in the glow of lifetime highs across the board (cough cough, wheez, hack), let’s distract ourselves with a favorite of mine, Jiminy Glick. I’ll try to be back later with something salient to say.