Please note the three price gaps, highlighted on the SlopeCharts below, of these three mega cap NASDAQ securities.
Major Gaps Coming
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.
Bob You Banks
As economic data continues to worsen, and the jobs situation has clearly moved past the point of peak prosperity, equities are – – naturally – – roaring higher, as they have all week long. We’re up about 1500 points on the Dow from the bottom just a few days ago. In the midst of this, I’d like to suggest you keep a close eye on the banks, as they’re not buyin’ it.
Headfake
The market reaction to jobs reports is similar to Fed announcements – – you can never really tell what’s going to happen based just on the initial move. When the dismal jobs reports tumbled out this morning, the strong move in ES and NQ disappeared in no time. However, the market decided that bad news is great news, and it’s been up ever since.
