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.

Cannabis & Health Stocks to Watch

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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.


Remarkable Russell

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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:

I direct your attention to that tinted area.