This is mildly disturbing. Reminder that they report next Thursday afternoon.
Uh-Oh, Apple
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.
The Heat of the Meat
We’ve made a small improvement to trendlines, but I suspect some of you will really want to know about this. Already, when you point at a trendline on your chart, it will show you the start date, the starting value, and the angle in degrees. We’ve added a fourth data point, which is the annualized percentage return of the trendline.
Falling from Grace
A point I’ve been making a lot lately, particularly on my tastylive show, is not to get seduced by classically bullish patterns in the context of a bear market (and, yeah, it’s still a bear market, the last two days notwithstanding). Below are two examples of stocks which, in a normal environment, would have been gorgeous saucer bases, but instead they were total fake-outs. Context matters! Here are PINS and SNAP:
Possible High Being Made
SPX went down a little further than was ideal, and then rallied very hard yesterday, so the topping pattern scenario is still on track.
The break below the daily middle band confirmed on Wednesday and SPX broke back hard over the middle band again yesterday. A close over 4115 again today will confirm the break back above. There is the option of a hard rejection back below that today, which would be unusual on a Friday, but definitely possible as today is the last day of April, and the stats for that lean 67% bearish.
SPX daily BBs chart:
Wrapping a Wild Week
Good morning, everyone. Well, thanks to the post of conference calls, we’ve got a non-awful morning in front of us. Half an hour before the opening bell, all the stock futures are my favorite color, and it’s all thanks to AMZN’s shocking pop-and-drop since yesterday.
