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.
One of my simple pleasures in life is reading the Daily Post, which is Palo Alto’s own little daily newspaper. It’s a morning tradition for me to walk the dogs, grab the (free) paper from a newstand, and read it during my pre-dawn breakfast.
On yesterday’s paper, this photo and caption on the front page caught my eye:
One of the benefits of being a part of a trading room with over 3000 members, over 400 professionals, and 15 analysts is that we all are able to take advantage of the combined wisdom of all the members and analysts in the room. Since I am but one person within this room, I am clearly unable to see all potentials the market may be throwing at us. And, thanks to the collective wisdom of the room, several people have provided me with insights today which I did not have on my own. So, there is no question that we all can benefit from the collective wisdom of the room, and for that I am grateful to you all.
First, our analyst Garrett Patten private messaged me today to tell me that he is having a hard time seeing enough stocks setting up to support a rally to 2500SPX at this time. Rather, many of them still need more pullback before they can substantiate such a run. And, since this is a market of stocks, I clearly need to take that into account in my own analysis. (more…)
Early this year, I pointed out Sally Beauty Holdings as a nice short setup. Here’s the graph at that time:
Medidata Solutions, Inc. (MDSO) climbed to a new all-time high of $73.15 on Monday, closing the session up $2.08, or 3%, to $72.76, on 455,600 shares traded. The cloud technology stock has been stair-stepping up a rising channel over the last few months and has popped $4.57 since Wednesday’s close. The next target is near the channel top at around $79-$80. Short interest of 7.9 times its average volume could fuel the move as shorts cover on a rally.
Mimecast Limited (MIME) popped another $1.10, or 4.25%, to $27.00, on 388,800 shares traded. The advance up came as the email security company’s CEO and CFO spoke at J.P. Morgan’s technology conference in Boston. Despite no dramatic increase in volume, the stock’s technicals look positive, climbing steadily since early March and holding support on the pullbacks. Watch for price to exceed last week’s all-time high of $27.25 to reach $30-31 in the short term.
One of my favorite people of all time, Norm MacDonald, somewhat famously embarrassed Courtney Thorne-Smith in this Conan interview back in the late 1990s. If you haven’t seen it, you absolutely should watch the whole thing, or if you have seen it a dozen times, like me, you will enjoy watching it again.
