Overnight action did a picture-perfect job of sealing up the gap cause by the drone strike over the weekend for the ES…..
Gaps Filled
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.
Waiting for Nordstrom
Like most equities, Nordstrom (JWN) has had a very strong run since stocks bottomed on August 15th. In that short span of time, it has ascended nearly 40%.
SPX: Warning Gaps?
As Friday’s trading action is coming to a close in a couple of hours before the Labour Day weekend, an interesting observation to note is this daily chart of the SPX.
Since the beginning of August, gaps on the open in both directions have pretty much occurred on a daily basis (blue box). When the same thing happened in the last quarter of 2018 (blue box), we saw a rapid plunge in the space of a few days.
(more…)Two Apple Levels
Apple reports after the close today. I’ve gone ahead and entered a small position (short 100 shares, stop at 210.65). I see two important price barriers. The first is 210.64:
Face the Face
Apple Price Gap
Just wanted to point out that Apple (AAPL) is coming up very close to its price gap. As a reminder, they announce earnings Tuesday after the close. Could be some interesting plays here.
