Here’s today’s swing-trading watch-list:
Long Hasbro (HAS)
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.
Holiday in Denmark
SPX just kicked around without any definite direction yesterday and so far today the same again, though we may now be starting to resolve down. This sideways action is neither bullish nor bearish, and is a decent fit with both the H&S and larger IHS scenario marked on the 60min chart below.
What is potentially interesting here is key support on the 50 hour MA, with that currently at 1909 and SPX at 1890 at the time of writing. If bears can convert that into resistance, having been support all yesterday, then we may resolve in the obvious direction, which is down. SPX 60min chart:
Wall Street Feels the Bern
Hillary Clinton, Wall’s Street’s lap dog (I was going to write “whore”, but I get slammed for such things, so I wisely decided on a different word), shows how forceful she has been dealing with the likes of Lloyd Blankfein and Jamie Dimon. She said………and I quote………..”Cut it out!”
If we have the horrid misfortune of this wretched person becoming our President, you can expect more fiery rhetoric aimed at Wall Street, like “Knock it off”, “Stop, you guys!” and “Thanks for the six-figure speaking fee!” What a disgusting, criminal, money-grubbing hypocrite. Here’s the clip from last night’s debate. The Moral Man is on the left. The Anti-Christ on the right.
Prices Return to September 2012
Reid Hoffman can hardly believe his eyes………40 months of stock gains, poof!
