Looks to me like if we ever weaken on the SPY again, there’s ungodly support at the 200-day exponential moving average.
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.
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.(more…)
This morning in pre-market the Amigos’ futures charts update the macro story…
…which goes something like this…(more…)
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:
And for our unicorn IPO disaster of the day, I present to you UpWork, down 50% since its peak eight months ago:(more…)
I’ve said it before, and I’ll type it again: if the present administration knows what’s good for it, it won’t actually sign any deal. It’ll just keep talking very, very slowly) for the next year, nursing Trade Talk Optimism the entire way. The worst thing that could possibly happen to this market would be an actual, sign, complete trade deal. Another tiny top has been aborted with an Optimism spike.(more…)