Here’s today’s swing-trading watch-list:
Long Workday (WDAY)
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.
Buried in Occasional Winners
Back on June 15th, I specifically suggested shorting TDC (which was an idea kindly offered to me by a fellow Sloper, who predicted a target price of $30). Here was the chart at the time:
The Bigger Triangles
The small triangles I was looking at yesterday broke up and then retraced, so they are played out now. That has helped define the larger triangles that I mentioned which are shown below on SPX and Dow. I’m leaning towards a break up from these triangles towards Stan’s 2015 high target in the 2165 area, as long as SPX can hold the 2087 (current) floor area. SPX 60min chart:
Banning Fear
I just wanted to point out that the fear index crashed yesterday to levels hardly ever seen. It just illustrates how deep the complacency in this market remains.
Yesterday’s Best Comment
