This is the only thing that has made me smile today; I had trouble catching my breath:
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.
Six Candidates for Breakout
Here is my selection of 6 stocks, candidates for a breakout in the coming week: Crown Castle International Corp. (CCI), PFSweb Inc. (PFSW), QLogic Corp. (QLGC), Range Resources Corporation (RRC), Service Corporation International (SCI) and Shutterfly, Inc. (SFLY).
Groundhog Day…… Again?
Over the last few days there have been a number of significant looking breaks in either direction but no break has delivered much. On the daily chart the bollinger bands are compressing and when that compression breaks, we are going to see a significant move in the expansion that follows, probably to the downside, but as ever there’s only one way to find out for sure. 🙂 A downward resolution does not preclude marginal new highs before that plays out.
In the short term there was a battle over the ES weekly pivot at 2046.20 (2053/4) that lasted much of yesterday and was firmly resolved in favor of the bears in the last hour. Will this victory be as shortlived as the others have been recently? Very possibly yes, and I’m still thinking that the setup here favors the bulls 60/40, even though unlike yesterday ES is opening below the weekly pivot.
Some Fire, Scarecrow?
When I did this snarky little throwaway post a few days ago, I was simply pointing out the irony of a capital management company suffering such a persistent, horrendous decline in value. I didn’t realize there was a more important reason for all this, as today’s Wall Street Journal feature story states:
