After all these years, if there is one thing that stands a chance of permanently changed me from a bear to a bull, it’s the new Future Trend feature in SlopeCharts. I am absolutely captivated by this. Just look at the projected price paths of American Eagle……
The CBRE Group (and look at it hug that trendline!!!)
The CME Group (which is clearly a super-smooth sailor)
And homebuilder DR Horton (again, look at its behavior against the trendline; INCREDIBLE!)
The “seasonality” of the Future Trend data is nicely represented by Lululemon:
And in spite of a recent tumble by Oracle, look at this:
Of course, this cuts both ways. If you look at the ultrashort on the NASDAQ, Future Trend paints a grim picture for the long-suffering bears. Once again, I am slack-jawed by how beautiful it plays against even long-term lines.
Who knows, I may drop this bearish thing yet. Although nine years too late.