Here’s today’s watch-list:
Short Halozyme Therapeutics (HALO)
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.
SPX Rising Channel Broken
The rising channel on SPX broke yesterday and I’m leaning towards the view now that the Spring high was made last Friday and that SPX has started the move to retest broken resistance at the 2000 and 2007 highs that I’ve been expecting to see this summer. Obviously the bears have dropped the ball a lot of times in the last few years, but I would expect this setup to resolve down. SPX broke back below the daily middle bollinger band yesterday and as long as that holds on a daily basis then the next target is the daily lower bollinger band in the 1837 area, currently just under smaller double-top support at 1839/40. SPX daily chart: (more…)
The Short Term Pattern
Well, the Slope comments section is as quiet and undisturbed as Hillary Clinton’s match.com profile, so I’ll just do one last post today and call it quits. The interesting thing about Monday’s behavior is that it mimicked the same puzzling movement that took place on Friday. Allow me to illustrate: (more…)
Gold Gap Approaching
I haven’t been trading gold or miners for a couple of weeks, but I’ve been watching it tumble recently with interest. My opinion is that miners are getting near a couple of strong areas of support, and I suspect GDX will put the brakes on at about $24.
A Sirius Breakdown
It’s been a long time coming, but SIRI finally broke its support today. I thinkg we’re heading down to about $2.60 on this one.
