Bears have dominated the day today, though that hasn’t actually delivered a lot of downside on SPX or NDX. We may see a late rally into the close. Bigger picture this is day five of the daily upper band ride and if we see a weak close today and that follows through on Monday that would open a possible test of the daily middle band, currently at 2360. SPX daily chart:
Slope of Hope Blog Posts
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We all get these, but it doesn’t make them any less entertaining…
This time, Ms. Annette even carefully spelled out the ticker symbol – ya know, to make things easier for calling your broker.
From: Annette Meyer [mailto:Meyer0661@daekogslanger.dk]
Sent: Tuesday, April 25, 2017 4:09 AM
Subject: By tomorrow evening this stock will be twenty times higher
Did you read my urgent email yesterday?
During last Monday’s totally retarded French election rally, I was still brazen enough to suggest shorts, such as this one. Heh.
Suggested stop=42.93. Good luck!
I’ll just kick off today with a single, simple chart – – the NASDAQ e-mini futures, shown below. They have already benefitted from the full force of blow-out earnings from the likes of Amazon and Google, and yet all they’ve got to show for it is a doji shooting star at the crest of what is obviously a very swift ascent. I wouldn’t bank on much more upside here, folks. To put it kindly, the high-tech market seems fully-valued.