I’m feeling like offering short ideas today, so I’ll just keep at it (with a reminder that I’ve got an eye on these toward well into 2024). Below is Goldman Sachs (GS) within the confines of a diamond pattern (in yellow) and also mashed up against an important resistance trendline.
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.
Go Go Gold!
In my never-ending quest to illustrate that I’ve got almost as many long ideas as I do short ones, I direct your attention to my not-at-all-subtly-titled post Miners Look Bullish from three days ago. I have always been a fan of precious metals, because it’s a poke-in-the-eye to all the central bankers. Thus, I applaud gold’s recent ascent.
(more…)Enphatically
I’ve got a short idea for you: Enphase Energy (symbol ENPH). What I would suggest is that, failing a push above the $101.86 price level, we’ve got a good opportunity for a major move down well into 2024.
(more…)Ease Up
Good morning, Slopers, one and all. We start the pre-market off a little in the red, with all the stock futures down just a touch (about one-fifth of a percent; whoop-de-freakin’-do). The market continues to feel directionless, still gasping for breath on the heels of its Mag-7-Driven 2023.
(more…)