Well, blowout earnings don’t count much anymore.
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.
Financials Finally Fail
This is the break that I and the two other surviving equity bears on the planet have been anticipating. Financials have broken the trendline established by the criminal intervention in the market Steve Mnuchin executed on December 26th. Now things get more interesting.
The Radical Right
Good morning, and Happy Friday to you. Hey, check out the cool little feature on Slope today: the chart entry box! Now anywhere you are on Slope, you can just punch in a ticker, press Enter, and you’ll be whisked to the SlopeCharts page to see that chart. Not the fanciest thing in the world, but, hey, they can’t all be moon-shots!
Life Support
Last week I promised that this week would be a doozy. Would I lie to you? And it’s not even over yet! Indeed, tomorrow is the jobs report, and that should just be more sauce for the goose.
In a similar fashion as last night, I wanted to walk through some big cash markets and talk about important levels. In this instance, though, I’d going to err on the side of caution and state where firm support may reside. Yesterday and today were a delightful reprieve for the bears. The sons-o’-bitches in D.C. don’t normally permit such monkeyshines to go in for more than a day or two, so they’re going to try to stop it. Thus, caution and awareness is advised!
(more…)Four Stocks Breaking Out on Earnings
Here are four stocks in technology and solar energy that have broken out on earnings.
Enphase Energy, Inc. (ENPH) popped $6.50, or 30%, to $28.15 on 22.2 million shares Wednesday. On Tuesday the supplier of solar power micro inverters released favorable second quarter financial results. The stock has been rallying since starting the year under $5, and Wednesday’s move, on more than 5x its average volume, broke price out from the bottom of the rising channel through the top. Watch for an extension to next resistance near $32, using Wednesday’s low at around $26.25 as support.
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