I realize SNAP has already lost the vast majority of its value, but this gap-fill is enticing.
Crackle and Pop
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.
Perfect Small Cap Gap Seal
Gap ‘n’ Vermin
Here are two unrelated items in this ridiculous market of ours, just to while the time away. The first is Akamai, which may be presenting an enticing shorting opportunity by virtue of its powerful rally in recent weeks coupled with its gap closure.
Perfect Tesla Gap-Fill
If I was more on-the-ball, I’d have bought puts on TSLA first thing this morning. Its price action was utterly predictable, because a big piece of news had sent the stock flying higher yesterday evening, and that carried through to this morning. The result? A nearly to-the-penny gap fill.
Tesla’s Gap Resistance
So is this how it’s going to be? A day in which we have some Big Looming Event and have to sit around for it and wait until we actually trade? The biggies tend to be:
- Some earnings report of a mega-cap;
- The FOMC press conference;
- The CPI inflation data point
That third one is the one we’re dealing with right now. We’re all stuck in the muck until the Next Big Data Point. In the meanwhile, I languorously offer to you the next meaningful resistance level for TSLA, at its gap:
