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.

Apple Tops $1 Trillion Valuation with New Price High — What’s Next?

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Apple (AAPL) has kissed a new all-time high above 207, where the company is valued at $1 trillion. So far, the high, as seen on the chart linked to below, represents about a 1.9% overshoot of the upper channel boundary line of the February- August bullish price channel.
 
Apart from the excitement and magnetism of the trillion dollar achievement, my channel boundary line analysis is necessary to overlay on the near-term fate of AAPL. In that the upper channel boundary has contained all the prior rally peaks for the past six months, the upside penetration of that barrier should be significant EITHER because it will put a lid on additional sustained strength, OR because AAPL is so powerful that the upper boundary is no longer viable, and, instead, is triggering a new, more bullish trajectory going forward.

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Oh, I See

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This morning, I was delighted to see the screen covered in red. A Sloper made the snarky remark that me declaration of my shortness would surely mark the bottom. Well, irked as I was by the rude comment, he turns out to be right, although, to the credit of my stock picks, I’m only down 0.3% in the face of a giant rally (particularly cool since I’m very leveraged).

My annoyance at the market’s sudden reversal was initially mixed with confusion, until I saw………..THIS:

As long as this guy has media attention, I’m afraid the bear market doesn’t stand a chance.

Kablooie

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I had a long day yesterday, so when I tumbled into bed last night without my iPad at my side (I couldn’t find it), I decided not to care. So I was deprived of my occasionally peek at the markets. What a pleasant surprise to wake up to a sea of red, once I finally ambled down to my office.

The number 2800 is important once again. It used to be the ceiling, and now it’s the floor. More precisely, I’d say 2790 on the ES is the key.

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