The gains on these stocks (which I’ve mentioned a gazillion times both here and on tastytrade) boggle the mind. These rallies seem very long in the tooth, but the just keep on keeping on…………
Electricity on Fire
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.
It’s Up to the Wedge
It’s clear that in spite of being in the thick of the earnings season, we are still in watching-paint-dry mode for markets in general. As I am typing this, the ES is down a remarkable 0.06% and the NQ is exploding a remarkable 0.11%. Whoop dee freakin’ doo da day. Anyway, that’s the nature of these wedges: they just get tighter and tighter until they break.
Gasping for Air
Something tells me that tomorrow the Fed is going to signal that the punch bowl is going away. I like what I’m seeing on EFA:
Lanced Armstrong
I would like to point out a well-known stock which has broken its core trendline and appears to be in the throes of a diamond reversal pattern. I present to you Peloton (symbol PTON):
Seven Brides
Well, let’s set aside the GME-zaniness for a bit and recognize that there are, in fact, some other stocks in the market, and when taken together, these stocks can create index values. I have a few words to say about each of the seven charts below.
First up is the Dow Composite. I drew that horizontal line a while ago because of its old range, and today’s (brief) tumble tagged that line perfectly. We need to break it on order to give any surviving bears even the tiniest chance.
