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.
Here’s how things have been going for Tesla shareholders even since the “Funding Secured/Private Sale at $420″ craziness went out, partly due to Elon’s 20-something girlfriend Grimes. It’s been a complete catastrophe, with about a 40% loss since last August. I suspect if you check any random ticker symbol in the United States, its return will beat that handily. In any case, its last shelf of support is at hand. Look out below.
Good morning, everyone. While it seems the world is focused on megacaps like AMZN and INTC, I wanted to share a tech short (one among the 70 positions I have) which few people notice: Western Digital. Here’s the long-term chart:
99.99999999% of the public wants this fake, fraudulent, Treasury Department-fueled NASDAQ rally to continue until the $NDX reaches a million points.
Now that Netflix’s earnings are well behind us, it is relatively safe to take a look at it as a potential short. To my eyes, the most significant technical feature is the price gap which I have highlighted in two ways below. A trader short this stock would, I think, be wise to have a stop-loss set just above that level.
These three health and technology stocks are seeing technical strength ahead of upcoming earnings.
Evolus, Inc. (EOLS) gained 50 cents to $26.44 on 537,100 shares Wednesday. The performance beauty company said it will release earnings after the close on April 30. The stock is right on the verge of taking out the declining tops line of its nearly 3-month consolidation that followed its big surge in January and early February. A move through the March 19 high near $28 could take the stock to next lateral resistance at $30.
Extreme Networks, Inc. (EXTR) rose 29 cents to $8.26 on 2.1 million shares Wednesday, nearly 1 1/2 times its average volume. The software-driven networking company will announce earnings before market open on May 1. The move popped the stock out of a nearly 2-month resistance line and mini base. Watch for a test of next resistance at $8.75 just above the February high.
