The Lid Burps, the Game Breaks

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Happy FOMC Day, everyone. The penultimate one! I wanted to point out a couple of stocks doing interesting things this morning. The first one is Tupperware (TUP), an oft-mentioned short candidate which has spent weeks going nowhere. Well finally this morning we get a good ,hard tumble, and the prospect of breaking important support (and finishing a huge pattern) is much improved.

slopechart TUP

Activision is also getting hit harder, and this is a much bigger deal. Not only is the company much, much larger, but the trendline it broke is over 21 years old! So this “perma-riser” has definitely been stopped in its tracks.

slopechart ATVI

In commemoration of Activision’s big trendline failure, here is the same company’s