Here’s today’s swing-trading watch-list:
Long Yum! Brands (YUM)
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.
Electile Dysfunction
Indexes are zooming today, as the market seems under the impression that a Republican Senate is somehow going to make unicorns dance, birds sing, and faeries giggle in the moonlight. We’ve bounced about 10% across the board in just the past three weeks. Here’s the Dow Jones Composite, today at its highest level in human history:
In Between Daze
SPX declined modestly yesterday, bottoming out at 2001, just above the 1995-2000 target range I posted in the morning, and has recovered strongly overnight. As I said yesterday I’m not seeing anything to strongly suggest a high here and am looking at trendlines in the 2040 and 2060 areas for resistance. If we see a break below 1992 today I may reconsider that view. SPX daily chart:
