Financial Engines, which is based right here in lovely Palo Alto, is continuing to poop its Pampers. As I’ve said repeatedly, and here most recently, I think it’s heading to the low 30s. Bombs away!
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.
Spared the Drama
I owe my beloved old yellow lab Kobe a debt of gratitude this morning.
The old fella is in his 15th year here on Earth, and he hobbles around the best he can. Last night, at about 3:30 a.m., he was at the base of the stairs, and my wife woke me up to tell me to help him. So I went downstairs, let him out in the backyard in case he had any business to do (you know – faxes, memos, that kind of thing) and then gently guided him upstairs to sleep. (more…)
TGIF
I’m not going to be saying much today as I’m not feeling well. Fortunately it’s Friday so I may well call it a day early today and go back to bed. If I trade at all today I’m going to be relying on the rest of the intraday trading team in the Princeton Trader trading room to do my thinking for me.
SPX closed 4.5 handles under the upper bollinger band yesterday. This doesn’t mean that the upper band ride has ended but it’s important that the upper band at least be tested today and that support at yesterday’s low at 1882.65 be respected today. If SPX has a strong day then I will be expecting the upper band to close today in the 1896-1900 range. SPX daily chart: (more…)
Social Targets
Well, as Yellen likes to say……..it’s that time of the month again. The jobs report is soon upon us, and it probably will provide pretty much all the excitement we need on Friday. Of course, this isn’t always the case. The last jobs report pushed the market a little higher, but not by much, and about a week later, things started falling to pieces (the arrow below marks the report a month ago). Word on the street is that people are expecting a pretty big number, approaching almost 300,000.
Gut Reactions
Earlier today, I took a look at Micron (symbol MU), which I knew was reporting earnings after the close. Since October 2012, it is up almost 400% (!!!!!!) and lately has been showing signs of exhaustion.
