Slope of Hope Blog Posts

This is the heart and soul of the web site. Here we have literally tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. You can also click on any category icon to see posts tagged with that particular category.

Fibonacci Confluence Levels on Netflix

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As I mentioned in yesterday’s post of the FAANGs, volatility is on the rise for all of them, including Netflix (NFLX).

The weekly chart below shows the confluence levels of two sets of Fibonacci retracements…around 273235210 and 174. These levels also intersect with the lines parallel to the median of the Andrew’s Pitchfork channel, and the median, itself.

A drop and hold below the first at 273, combined with an accelerating decline of the momentum indicator, may see a retest of 235, or lower. (more…)

Two Higher, Two Lower

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By Harry Boxer – – Retailers lead our list of top charts to watch, while two technology stocks lead on the short side.

Lululemon Athletica Inc. (LULU) sprinted up 9%, or $7.25, to close at $85.96 on extremely heavy volume of 10.7 million shares traded Wednesday.  That’s more than five times its average volume. The jump up came with the athletic apparel company’s better-than-expected earnings announcement and 2018 outlook.  The move broke the stock out of a bull wedge consolidation, reaching a new all-time high of $87.98 intraday. Next target: $94.

Macy’s, Inc. (M) moved up 4%, or $1.21, closing at $29.07 on 11 million shares traded. The move came with news that President Trump is considering legal action against competitor Amazon that favors traditional department stores. The stock reached a bottom right before its November 9 earnings announcement and has been on its way back up ever since. Price is currently sitting in a bull flag consolidation pattern, showing significant potential for another leg up. Next target: $34.50. (more…)

Thirteen Inglorious Years

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As of today – March 29, 2018 – Slope is a teenager.

Yes, thirteen years ago, at the prodding of a family member, I wrote my first blog post. In those days, I thought of blogs the same way I think of cryptocurrencies today – – as a fad with far too much media attention. Although I had sold my company, Prophet, just weeks earlier, I had resisted the nudges to start writing a blog in my free time, but I finally gave in. I’m glad I did.

Since this is, by definition, the thirteenth time I’ve written a “birthday” post, I was trying to think of something engaging or clever to write. I confess, I’m a bit stumped. In last year’s post, I already referenced some of the things I was considering here, such as Patton Oswalt’s birthday routine, so it’s clear I’m exhibiting a sign of age by way of repeating myself. (more…)

Media Leaders and Laggards

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You can see, at a glance (monthly charts below of FOXACMCSA and TWX), which media giants are leading or lagging each other overall…they are all at or below their respective major resistance levels.

The only one whose momentum indicator is above zero on this long-term timeframe is FOXA…if it plunges and falls below zero, no doubt the others will weaken further.

On the flip side, if FOXA breaks and holds above its prior swing high of 39.27, the others may gather strength, as well. (more…)