Here’s today’s swing-trading watch-list:
Short Marriott International (MAR)
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.
Pao! Pao Pao!
Some folks just don’t know when to quit.
Ellen Pao, as you’ll recall, sued VC legend Kleiner Perkins for discrimination. Before the trial, KP offered her nearly $1 million as a settlement. She refused.
She went on to lose the case. KP then presented her with a $1 million demand for legal costs, which they said would disappear if she promised not to appeal.
So now she’s appealing.
I think she embraces risk and shuns reward. It’s a strange approach.
The Second Mouse
On the daily chart the main thing that happened yesterday was that bulls tried to break back over the middle band and failed. Unless that changes quickly then the next obvious target is either the the 50 MA and EMA in the 2100 area, or the triple support/target at the 100 MA, the lower band and rising wedge on the middle rising wedge (mummy bear) of the three bearish rising wedges, all in the 2081-4 area, that I was looking at yesterday morning. I’m strongly favoring that lower target. SPX daily chart:
Gold Sector, Big Picture
Following is a reprint of the latest free eLetter that you can sign up for as an introduction to Notes From the Rabbit Hole (NFTRH), our more in-depth market management service.
Big Picture Gold Sector Update
On shorter time frames the gold sector has been viewed as being on an ‘anti-USD’ inflation bounce. This bounce scenario in gold stocks and commodities took a hit last week with the US dollar’s strong bounce.
In NFTRH we are managing things on both short and long time frames, with the short-term currently tied to movements in the USD. On the long-term however, things appear to be setting up for the next big macro play. The following charts are used for big picture updates to give perspective to the shorter-term work we do each week in NFTRH.
Gold Sector Update (Big Picture) (more…)
Chocolatey Goodness
With all the grumbling and grousing I do here, I thought I’d share a feel-good story I happened upon last night. It’s about the Hershey Company. Specifically, it’s about a secret arrangement the founder of the company made to help orphans. As revealed on Wikipedia: (with some boldface emphasis by me): (more…)
