After the big move higher before the market opened, the instant conclusion around Slope was that the market would just rip higher All Day Long. Well, ummm, not really:
The Post-Rip Grind
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.
Video Gap
I’ve been awake since 2:30 a.m., so I’m about to topple over. Before I do, here’s one last chart: I’d say that Netflix (NFLX) is getting very close to the end of its “traverse” back toward its gap. From a charting perspective, its behavior has been picture perfect.
Special Delivery
Well, it looks like this morning’s modest sell-off is already wrecked, so let’s turn our attention to something specific: the man in the brown truck. United Parcel Service had a big price gap between the 15th and 16th of September which it has just about closed. I’ve already entered a starter position (April 21 $200 puts) and will augment it as we push closer to the gap.
Fatties
I realize how insane shorting anything must seem now, but I offer to you three charts with gargantuan tops that, thanks to recent price ascents, have intriguing risk/reward ratios. I’ve got puts already on NOW and MDB and am going to hold off on TTWO for now, waiting for a move closer to the gap.
AMD’s Gap
Advanced Micro Devices (AMD) is having a good day, after their earnings report last night, but it might be setting itself up for another fall if it can hack its way back to its price gap.
