After reaching all-time highs earlier this year, Canada’s TSX Index has dropped to around the 15,250 level, as shown on the following Monthly chart…an important long-term major support/resistance level.
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.
I wanted to follow up about my Sharing in Action post. In the post, I gave a real-life example of how the Publish/Share feature in SlopeCharts can help one uncover new ideas. Specifically, a Sloper named DoubleNaughtSPY had a watchlist with some interesting symbols I had never followed, including one i particular that caught my eye, FARM. Thus, I shorted 700 shares of it at the point where the arrow is marked.
Long Applied Materials (AMAT)
I have made no secret of my disdain for Theranos and Elizabeth “Crazy Eyes” Holmes by way of these six past posts. While driving through town, I passed by the gorgeous and expensive Theranos building, and yesterday I decided to swing into the parking lot. I was curious, because the one and only other time I had been there, it was totally empty, which I found bizarre for a weekday. But I swung into again and…………
Crude Oil has fallen a massive 60% since mid-June 2014, as shown on the following graph.
Price today (Wednesday) fell below 43.50, which I identified in my post of June 3rd as a major support level, and closed at 42.53, as shown on the Daily chart below.
Increasing volumes are either signalling continued weakness ahead, or some buying stepping in between this level and 50.00. Since another bearish moving average Death Cross has formed recently, the first scenario may be favoured in the near term.