Comstock Resources (symbol CRK) is an intriguing bullish setup because it has a very clean saucer pattern and, more important, has been accompanied by a tremendous swell in volume for many months.
Comstock Load?
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.
Burned to a Crisp(er)
Remember designer babies? There was a period of time when, just like 3-D printing in 2014, this very futuristic sector was red-hot. And, just like 3-D printing, I’m sure its time will come, but let’s just say the market got ahead of itself, and we’ve got another member of the 90%+ wipeout club.
On a totally separate note, another thing that will be “burned to a crisp” is the bug some of you noticed in which comments were disappearing. We have FOUND the issue and are resolving it today. Thank you for the heads-up.
Precious Peril
This is a very strong day for asset prices, with basically anything that has a ticker symbol being in the green. I’d like to direct your attention to precious metals, which have been soaring for over two months now. First, I’d like to point out that gold is approaching the underbelly of a trendline, which may prove to be an important inflection point of resistance.
Puncture Wound
Ever since December 15th, the market has been grinding around in a range without any clear advantage to either side. This morning, it looks like the bulls have a real chance to run with the ball, as there is some follow-through from Friday’s huge rally, as prices begun to emerge from the top of the range.
