Looks to me like if we ever weaken on the SPY again, there’s ungodly support at the 200-day exponential moving average.
Unreal
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.
A Bad Trip
Here are a couple of travel-related firms that aren’t participating in this most overly-supported equity market in human history. Both of these got zapped hard on Thursday.
Updating Three Metallic Amigos and the Macro Message
This morning in pre-market the Amigos’ futures charts update the macro story…
…which goes something like this…
(more…)Perfect H&S
I had assumed American Outdoor was a retailer of camping gear or something, but after I bothered clicking the summary link in SlopeCharts, I discovered they were a gun maker. Anyhoo – – I’ve been waiting for this to recover to the neckline, and it has, so I’ve re-entered this short, based on a textbook perfect head and shoulders pattern. My stop-loss is at 8.35:
Upchuck
And for our unicorn IPO disaster of the day, I present to you UpWork, down 50% since its peak eight months ago:
