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.
You can see at a glance, from the chart grid below, which of the Dow 30 stocks are outperforming (AAPL, AXP, BA, CAT, JPM, KO, MCD, MSFT, NKE, TRV, UNH, V and WMT) and which ones are underperforming (GE, IBM and XOM).
We’ll see if the laggards (and ones not mentioned above) turn around anytime soon to continue to drive the Dow to new highs, as I mentioned in yesterday’s post, or whether the leaders suddenly weaken…and, if so, with what force.
It has been a dull summer week, and of SPX, NDX and RUT, only RUT has managed a lower low this week. RUT has now made it, albeit rather lethargically, almost back to channel resistance, now in the 1416 area, and I’ve noted that this may be the right shoulder of an H&S pattern forming. RUT 60min chart:
Long Tailored Brands (TLRD)