This is a big earnings week. Here are five important companies that are announcing their quarterly earnings on Monday. I have shown the portion of the chart I believe is most germane.
Monday’s Five
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.
Onward and Upward
Last week I was looking at the IHS patterns that had broken up on SPX and NDX with targets at retests of their respective all time highs. We’ve seen some retracement this week but overall nothing has changed and I am still looking for the same targets, though the retracement has given more form to the current moves and is giving some clues as to where these moves will find resistance.
Starting with ES, where after the grind up on Monday I posted a chart on the subscriber twitter feed at theartofchart.net showing the rising channel established on ES Dec from the September lows, and with a slight adjustment that channel has held into the end of the week with a test of the low before the open yesterday morning. Resistance on that channel is now in the 3600 area so the IHS target is within that range.
(more…)Two Weeks To Go Bar
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Ages of Discord
Recently, long-time Sloper LZ suggested in the comments section that I pick up a book called Ages of Discord (which you can buy here) so I did so right away. I read it cover to cover over the course of a couple of days.
The book is a combination of two of my favorite things – – – historical graphs and economic/political trends – – and, in the spirit of The Fourth Turning, pretty much says we are heading for some seriously dark times.
The Theranos of Autos
It took years of public doubt to finally make Theranos disappear. I suspect a stubborn and trusting public are doing the same thing here. Sheesh. Down about 80% with 20% to go. Why not take Magic Leap public as well? Anyway, Nikola is getting smacked once again……..
