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.

Chart on AAPL (by Mike Paulenoff)

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The good news just keeps getting better for Apple (AAPL), as investors and consumers prepare for the release of the iPad (Apr. 12th?). In addition, according to the press, the company intends to build a new iphone that will accommodate other wireless carriers like VZ, and S, which will increase the iPhone's appeal tremendously, and also has increased interest in the entire wireless space. As for AAPL technicals, well… all roads NOW point to 244-248 as the next target zone. However, we all know that Wall Street is in love with the stock (for good reason), which argues for another round of upgrades probably targeting $300+. 

At some point, AAPL will need a rest and will be impacted by profit- taking, but who knows from what level? With that in mind, we can only identify warning signals that might alert us to a reversal– the first being a sustained downside violation of 230.00. That said, only a violation of 220.00 will trigger serious sell signals.

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Originally published on MPTrader.com.

Chart on TAN (by Mike Paulenoff)

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The solar sector was left out of the entire Jan-Mar advance in the major equity market ETFs. However, the chart pattern and the behavior of the Claymore Global Solar Energy ETF (TAN)’s biggest component, First Solar (FSLR), suggest that “this dog” just might have its day yet. The rounded base-like formation that has been established since early February is intriguing technically, within a very oversold condition. Price, however, is everything – and until the TAN hurdled key initial near-term resistance at 8.55, the base will remain just that – a base in development. At this juncture, my work argues that I “need” to be long unless or until the prior low is violated at 7.88.

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Originally published on MPTrader.com.