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.
Health and cannabis stocks top our list of charts to watch today.Amarin Corporation plc (AMRN) popped $1.12 to $15.03 Wednesday on 13.8 million shares, more than 1 1/2 times its average volume. The move followed a J.P. Morgan Healthcare conference presentation by the company, which markets a purified fish-oil pill. The stock took out the declining tops line and reached resistance at $15.80 before backing off. Next targets are $17 and then $19.
Aphria Inc. (APHA) gained 46 cents to $6.79 on 7.2 million shares Wednesday on no news. The cannabis stock popped across resistance, getting to as high as $6.90, important resistance from its gap down in early December. A move to fill that gap would get the stock to $7.75-$8.00, our next target.(more…)
This is yet another “wow!” moment for me. I present to you below the financials ETF, symbol XLF, with a Fibonacci retracement laid on top. I was quite excited to see the result, which is similar to what we’ve seen with the Russell 2000. The retracement is spot-on!(more…)
OK, OK, the subject title is dreadful, but it just came to me. The devil made me do it. Anyway, I suspect “Amazon World’s First Trillion Dollar Company” makes for a LOT better of a headline than “Bezos Dumps Family for Mistress“, but times have changed. The chart tells you all you need:
Ever since Jerome Powell demonstrated he has absolutely no backbone, and is far, far more concerned about having his feelings hurt by a mean tweet than he is about the long-term stability of the United States, the equity markets have been on an explosive ascent.
I would like to quietly point out something that 99.9999% of people are unaware of, which is the Fibonacci retracement spanning the entire decade-long bull market of the Russell 2000:(more…)