Well, for me, Friday pee’d all over was otherwise a terrific, exciting week (my beloved Kobe’s parting notwithstanding). In light of this – – and because little else stops a bull market in its tracks faster than me posting long ideas – – here are a dozen charts that look promising on the bullish side of the equation.
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.
Quite High Bar
In honor of Janet Yellen’s appraisal of stock valuations two days ago, when they were a lot lower.
If You Don’t Mind Pharma
As a chart, this is a beautiful topping pattern. But pharmaceutical companies are one of the few areas that terrify me too much to short. So I’m going to pass, but I wanted to share:
Say Uncle
Some of you have heard the news that Yelp! is trying to sell itself, thus it roared higher yesterday (and a bit more today). I don’t remember if I’ve ever traded YELP in my life, but I’ve taken on a small short position as of today (or, as ZH would say, “moments ago”) with the blue tinted area as my stop-loss level.
Seriously Choppy Market
My rally target yesterday morning was a retest of the daily middle band at 2100. SPX gapped over that this morning and the question now is whether the bulls can hold this break into the close. If they can then that would be impressively bullish and the new highs scenario would be back on the table. SPX daily chart:
