Here’s today’s swing-trading watch-list:
Long Williams (WMB)
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.
Mystery Solved
I first laid hands on a personal computer in 1979, and I’ve been online since 1981. Technology has saturated my life long before most people had even considered it. I bought my first Macintosh in early 1984, the iPhone on the day it came out, the iPad on the day it came out. I live in the Silicon Valley, and they’ll probably bury me here.
Having said all that, I have poo-poo’d Yahoo right from the get-go. I’ve always thought it was a junk site, and I’ve been utterly bewildered by its skyrocketing stock price. I had some vague knowledge that they had a portion of Alibaba, and because of that, it was goosing its stock price – – but if you had asked me, I’d have guessed that it wasn’t that big a portion of Yahoo’s value. Ummm……..wrong. (more…)
SPX Hits Megaphone Resistance
SPX hit my 1940-5 target range yesterday and at the moment seems to be failing there. That fail looks very bearish but I’ll be assuming that this is a retracement only unless we break through the MA support cluster in the 1970-80 area to open up a possible retest of the 200 DMA at 1920, and then break hard through that on that retest. Until then I will be assuming that we are looking for a retracement before a move to new highs. SPX daily chart:
