Here’s today’s swing-trading watch-list:
Long GW Pharmaceuticals (GWPH)
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.
I did a post just a few days ago about the diamond pattern forming (but not yet complete) in CBS. Well, as of today, this bad boy is complete, and I remain cheerfully short the stock and long the puts.
For the third straight day SPX tested the daily middle band, pinocchioed below it, and closed well above it. My RSI 5 / NYMO signal stats notwithstanding, if the bears can’t break below the daily middle band then this retracement has most likely bottomed out and we are on the way back up. SPX daily chart:
I have nearly 12,000 followers on my Twitter feed, and out of curiosity, I clicked the link to see the list. You can imagine my surprise……..