I humbly offer to you some crucial resistance levels for key ETFs:
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.
Live News Girls
The market continues to erode, blessed as we are by the most corrupt, inept, and idiotic government of the past ten thousand years. For myself, I continue to tend to my 50 (!!!!!!!!!) bearish positions by making appropriate chart-based stops and sizing adjustments. The beautiful thing about today is the new gaps that have been formed between yesterday’s lows and today’s highs.
Just as I predicted, and just as God intended.
Oracle Gap Fill
Since last September Oracle lost most – – yes, the majority!! – – of its market cap. I don’t tend to pay the stock much mind, but after last night’s earnings report sent it ripping higher today, I gave it a peek. I was intrigued to see that it beautifully closed its price gap. Since the long-term prospects for this bloated old company are so grim, I decided to short it with a stop just above the aforementioned price gap.
Financials Fail
The ETF representing the financial stocks has completed a clean top with a well-defined gap at 50.91:
Tempered
As is so often the case with thrilling Sunday night action, by the time we wake up to see what Monday holds, the movement is wholly or partly gone. For example, crude oil last night was on an absolute tear, moving up to about $120:
