Here’s today’s swing-trading watch-list:
Long Qihoo 360 Technology (QIHU)
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.
Maybe It’s More Like a Piranha
Mixed Signals
The first thing to say today is that though Friday had much to please the bears, the weekly candle did some serious technical damage to the bear case for the next couple of weeks at least. That’s because the candle reversed the break below the weekly middle band of the week before, and while it’s possible that might be reversed again this week, that would be rare, and the odds strongly favor a flat to up week this week and a move significantly higher than Friday’s high by the end of next week. While I’m looking for some downside early this week, that may be very short-lived. SPX weekly chart:
Lest We Forget
Given the global delusion that has consumed humanity that everything is okey-doke and going to turn out A-OK, it’s stunning to me that 2008 was even allowed to happen. Things could have turned out so much differently, but, nope, people didn’t want to take their medicine, and in the end, it’s going to be a hundred times worse. Let’s reflect back on the brilliant doe-eyed optimism that was abundant just before the crash. That would be the much smaller crash that what you’re going to see in the future.
