Corning (GLW) was at a lifetime peak yesterday. This morning, on the heels of its earnings report, it is sporting an island reversal pattern with a price gap at 88.15:
Corning Island Reversal
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.
Oil Gap Holding
My oil and gas ETF short, XOP, is holding together quite nicely. The gap I based on the trade on (130.59) held firm, and now I’ve tightened up the stop with a new price gap that was formed today (128.07).
Sinking Ships
Yesterday, in the midst of bumping up my bearish exposure from 50% to 100%, I shorted two stocks from a sector for which I have ceaseless contempt: cruise companies. I didn’t even realize the bigger one, RCL, was reporting this morning, but it has done so, and with good results for me. Here’s what, umm, “Royal” Caribbean is doing:
Ripple to Fall
That right triangle pattern on the crypto coin ripple ($XRP) is bigger and badder than ever. I’d say this sucker is going much lower now.
Smart Phone. Dumb Parents.
I know it’s tempting, but honestly, so you really want to just shut your kid up at 4 years old so you can focus on your own smartphone?
