The fund for biotechnology stocks, IBB, has sealed up its price gap beautifully today. This represents an interesting short-sale opportunity with a very good risk/reward ratio.
Perfect Biotech Gap Seal
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.
International Island
I almost can’t believe I’m doing this, but I’m giving EFA another chance. I have shorted a block of it early today, based on its island reversal gap, which is a true rarity. Stop loss is 89.15. This time for sure, right?
New Gapple on Apple
Oh, sure, it’s kind of a bummer to see the entirety of the post-Moody’s collapse totally reverse within the first trading hour of the day. As a leader in the world of financial charting, I get to name new patterns, and I shall dub this one the Kimberly Guilfoyle Reversal.
Dicks Closes Gap
The big corporate news yesterday was that Dicks Sporting Goods was taking over Foot Locker, which caused DKS to plunge and FL to soar. I find gaps fascinating, and it’s striking to me that, in the midst of this takeover news, FL acted perfectly from a charting perspective and instantly sealed up its price gap from last year! Of course, this entire post is probably offered just to give me the opportunity to use that title.
Palantir Gap
After the big tumble PLTR took earlier this week, it should be noted that today’s rally is pushing it very close to the price gap, which might spell a bearish opportunity for those who dare to defy the hair.
