Google (oh, sorry, I forgot to use the stupid name that no one uses – Alphabet) had a pretty bad day. I’m sure the management is a bit baffled what the hell they are supposed to be doing, since blowout earnings don’t help the way they used to. Even though the stock exploded higher yesterday afternoon, it barfed all over itself Tuesday.
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.
SPX Drops Below Major Support As 10-Yr Yields Tags 3%
I last wrote about the S&P 500 Index on April 19 and also included a couple of updates later that day.
I mentioned that its latest rally that tagged 2700 was weak and that the intraday action that day was hinting that it could be a pivot point where we’d see price either spike back up to 2700 or plunge down to 2650, or lower.
As at 1:30 pm ET today (Tuesday) the SPX has plunged below 2650 as the 10-Yr Treasury Yields tagged 3%, as shown on the following daily chart. (more…)
KING Of Bearish Engulfing Patterns
Holy Lord…………
Captain Sunshine
Torpedoed
Among my shorts are companies that make money by developing weapons to slaughter human beings (to say nothing of the fact that Pentagon spending is, more than anything else, responsible for plunging our country into ruinous debt – – a debt that will never be repaid). Anyway, it’s nice to see war manufacturers suffer. Apocalypse Now.
