On Friday morning, a trading friend of mine wrote me and asked me if I thought technical analysis worked anymore. His point – – – and it’s one I’ve considered many times – – is, in this central-banker-planned world in which we now all live, do charts have predictive value anymore? I mean, let’s face it, technical analysis had its own shaky reputation to begin with, In this modern age, with Yellen at the helm, are charts just a waste of time?
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.
One Dozen Longs
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.
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.
