Slope of Hope Blog Posts

This is the heart and soul of the web site. Here we have literally tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. You can also click on any category icon to see posts tagged with that particular category.

Christmas Seals

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There’s a town here in the Bay Area you’ve probably heard of called Oakland. You’ve probably also heard the famous phrase about it uttered by Gertrude Stein: “There’s no there there.” I’m reminded of this quote because of the “truce” announced. My instant reaction was that it was a nothing-burger, which was met with screams and cries of distress that it was, in fact, An Awesome Amazing Deal. But it seems it’s starting to dawn on the rest of the planet that maybe this kicking-the-can-down-the-road exercise does, in fact, constitute “no there there”.

For a while last night, it truly seemed to be the case, although I’m sorry to report most of the red has been washed away. Interestingly, the gap between Friday (pre-truce) and Sunday (post-truce) was almost perfectly sealed on the NQ.

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Dental Gaps

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I’m sure you’ve all been following the news out of G20 (although perhaps not as obsessively as I have). I’ve also been looking at other sites where traders are chattering on about it. The widespread conclusion seems to be that we’re going to go roaring higher into the new week.

As we awaiting whatever happens when the bell opens on Monday, I thought we’d take some time to look at the important FAANG stocks and their price gaps. Now when I mention “price gaps”‘, in some cases they are truly gaps, and in others they are simply crucial price levels. If any (or all) of these are crossed to the upside, it means this group is genuinely healing. If not, the recent strength could be nothing more than a countertrend blip. So let’s go through them……….

First, there is the scandal-plagued Facebook (for each of these stocks, I have deliberately done a mouseover where the crucial price level is, so that is highlighted in each chart):

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