Preface To All Earnings Posts: Next week is the last heavy week for earnings reports. Below are some major stocks that are announcing earnings on the day cited in the title. Many of these are “steady Freddies”(basically boring and reliable) and others have more vulnerable patterns. You might want to suggest your own ideas in the comments section about any of these charts you intend to trade and what strategy you plan on using.(more…)
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.
On a not as bad as expected Payrolls report the US market is now at our target, which was a second hit of the upper reverse symmetrical triangle’s trend line. That became the objective after SPX took back the green lateral support area.
To review, bulls have the moving average trends, they have lateral support and they have blue sky’s unfettered possibilities. The bears have divergences in RSI and MACD with increasingly compromised bearish looks. In short, technically speaking the bears have not much more than bupkis.(more…)
This has been beaten down for years; perhaps a dead cat bounce is in the cards?
Take a look at this madness:(more…)
Small caps continue to lead the way, with IWM up twice as much as SPY at the moment. Below we see the bullish diamond pattern I pointed out a few days ago is confirming the breakout to the upside.
It’s another daytime of lifetime highs in the world of equities. It seems that a “just right” jobs report was the gasoline the fire needed, so records are falling all over the place.
A couple of notable exceptions this morning were both from tech companies. The first is Pinterest, which has lost about 50% from its recent peak.(more…)