Roblox Corp (NYSE:RBLX) is a fresh name that recently hit the markets. Their business revolves heavily around user generated content in the form of kid friendly online environments. Individuals make use of an extensive but relatively easy-to-learn programming language called Lua to create their own online games and virtual spaces; with the current emphasis on teaching kids the fundamentals of science, technology, engineering and math (STEM) earlier than ever, Roblox has made a real impact in furthering this learning and capturing the minds of parents, children, and educators alike.
(more…)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.
Morning Walkabout
The counter-trend bounce continues! As the viral bad news abates, anxious investors are eager to pile right back into “on sale” stocks. A cup with handle formation has successfully formed on the ES.
Want Trump Out? Sell Stocks.
While reading of the title of this article may cause you to make certain assumptions about what you are about to read, I can assure you that this is not a politically motivated article. In fact, politics has absolutely nothing to do with the analysis and conclusions presented herein.
I want to start with the assumption that we have spoken about so often, and that it is social mood which directs our actions in life, including our willingness to buy stocks. As Robert Prechter noted in a study he published in 2012 on this topic, “[s]ocionomic theory proposes that unconscious social mood regulates social actions.”
(more…)Ding Ding Ding… SPX at a Bull Turnstile or Bear Reversal Point
On a not as bad as expected Payrolls report the US market is now at our target, which was a second hit of the upper reverse symmetrical triangle’s trend line. That became the objective after SPX took back the green lateral support area.
To review, bulls have the moving average trends, they have lateral support and they have blue sky’s unfettered possibilities. The bears have divergences in RSI and MACD with increasingly compromised bearish looks. In short, technically speaking the bears have not much more than bupkis.
(more…)Can The Metals Still See One More Bout Of Weakness?
Originally published on Sat Oct 19 on ElliottWaveTrader.net: With RGLD following through to the downside as expected in its c-wave decline, the question we are left with is if there is any more weakness to be expected in the metals complex before we begin the next major rally phase?
The simple answer is that while the patterns still suggest that a lower low can still be seen, it is not something I would be suggesting you trade for in an aggressive fashion.
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