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.
The first three ratio charts show:
Each one’s Financial ETF is weaker than its country’s major index, and in the case of the EUFN and GXC ratios, are sitting at a major support level, while the XLF ratio is approaching major support.
The item below was apparently the top news story this morning in my local paper. I can see where this makes sense, though. Get into cryptos during the mania. Pour all your money into them. Get financially wiped out. Try to hold up a bank to recover your losses. Get caught. But……..you still have something in your digital wallet! Problem solved! Thanks, yer honor!
Last week, I opined a technical piece entitled, ” Momentum Divergences Flashing Warnings Signs for QQQ & FAANG Stocks,” which highlighted the near- and intermediate-term divergences that were and still are developing in the big-cap technology sector.
Today I follow up with a look under the hood and the technical set ups in Apple (AAPL) and Amazon (AMZN), the two largest components of the NDX-100 and QQQ.
AAPL has been perched above the upper boundary line (204.50) of its February-August bullish channel for almost two weeks, which, among other things, is a sign of excellent relative strength but also could be a sign of approaching upside exhaustion. That said, as long as AAPL remains above key near-term support from 205.20 down to 204.30, let’s consider its post-earnings action as a sign of excellent relative strength. (more…)
In spite of a rather wide audience – -and particularly in spite of my role as a professional polemicist – – I get very, very few unwelcome emails or tweets. On rare occasions, however, I do. Recently, for instance, I got this email in response to my suggestion of Overstock as an interesting short idea. I think this same guy has written me nettlesome missives in the past, but I make it a habit not to be rattled by anyone with a Yahoo account.
I’ve always had contempt for Overstock, particularly since their CEO seems obsessed with bear-bashing. I just wanted to present what OSTK has done since I got the aforementioned middle finger raised at me via an anonymous email.
As a change of pace, here’s a long idea – – CBOE seems to have been battered down to an important supporting trendline.
