This stock hasn’t met a downtick in its long life.
Relatedly, judging from the chart below, it’s clear that selling drugs is a solid business.
(more…)Eli Lilly Pads
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.
Back At Major Resistance
Well the bearish stats for Wednesday and Thursday this week did not deliver, which was remarkable yesterday as at the start of the day there were hourly sell signals fixed on all of ES, NQ, RTY & YM. That equities went up hard instead was an impressive show of strength, bringing SPX back up into a full test of key resistance at the monthly middle band, now at 4169.46, but not broken until there is a monthly close above it, and the main support/resistance trendline from the 2009 low.
That is still very strong resistance, but after the rejection back up here, and the very strong action over the last two days, I’m increasing the odds of a break above from 25% from 35%.
(more…)Bull’s Week Bar
Several Inches Chopped Off
Way back in the autumn of 2021, I did a post called Foot Odor which said of Foot Locker (symbol FL) about which I said “I’d say the path ahead is clearly lower.”. I’ve tinted in yellow the pattern that was the basis of my suggestion. It took a while, but I’d say it generally worked out.
