Here is today’s watch-list for the market:
Long Apple (AAPL)
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.
Miners Nearing Buy Point?
Gold itself doesn’t look like it has reached a bottom, but miners are getting awfully close. We’ve closed the gap, and we’re making steady progress toward that supporting trendline. If it breaks $22.81, forget it; then the bear market in miners will resume. But I’m inclined to think we’re approaching a buy point.
Unfriended
I’m starting to think holding on my TWTR short forever would have been a better idea. I covered it a couple of days ago at a profit, thinking it would bounce back to its neckline (at about $50). Instead, the stock has continued to sink, and frankly, I consider the company utterly laughable, so I wouldn’t be surprised to see it in the teens before 2015 is over. (more…)
Double-Top or Range?
SPX closed back over the daily middle band yesterday but only three points above. In effect that is a close on the band as was the close on Monday, so SPX is consolidating around the middle band before a break either way. I’m still leaning very much towards a bearish resolution here, but I may be mistaken. SPX daily chart:
Softening The Blow For Netflix Longs
Shares of Netflix (NFLX) dropped nearly 7% on Monday, as Carl Icahn told CNBC that he may have sold half of his Netflix stake. In a post last month (“Investing alongside Carl Icahn while limiting your downside risk”), we presented a hedged portfolio constructed out of the holdings of Carl Icahn’s Icahn Enterprises (IEP) by the automated portfolio construction tool at Portfolio Armor. That portfolio included a hedged Netflix position, circled below. (more…)
