Preface to all four parts: In the face of a brutal, brutal bull run over the past ten years, the past twelve months, and the past nine weeks, a lot of otherwise good shorts have been obliterated. I have a stable of 40 surviving shorts, which I am sharing this weekend in four equal parts.(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.
By Harry Boxer, TheTechTrader.com
Two retailers popping on earnings Thursday are among our top charts to watch.
Express, Inc. (EXPR) jumped $1.09 to $5 on 6.7 million shares Thursday, more than 4x its average volume. The apparel retailer released third quarter financial results that beat analyst estimates. After a 12-month decline, the stock has been in a rising channel since September, and Thursday’s 28% move broke it out above the channel top, closing right at lateral resistance. Next target is $5.75, last reached in January.(more…)
No, I’m not referring to my trading day (although it would be apt). I feel compelled to share once more the 10 year-2 year interest rate spread chart, which has been the most reliable recession indicator I’ve found.(more…)
In a sea of green, there’s a lonely red buoy bobbing on the surface, which is Zoom Communications (symbol ZM). Zoom is right here in the Silicon Valley, and it was a sensation after its IPO, because it not only opened explosively (far, far above the offering price) and even after that it went into the triple digits. Since then, however, it has ground its way back down to its IPO day.(more…)