Here’s a stock, Compass International (COMP) that has broken out of a nice base.
Compass Pointing North
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.
Cheering on the Rally
Good morning, everyone! I’m so excited about the next two weeks, because the market has been incredibly chart-friendly, and there are so many market-moving events coming up. There’s the debate tomorrow night, the CPI on Wednesday morning, and the FOMC the following Wednesday. Even more important, the market has its head spinning right now, and surfing the waves of the market psyche will be an exhilarating challenge.
Just as I was hoping, the market has staged a countertrend rally and has been hammering out a price ascent from the moment it opened Sunday evening. I’m delighted, but that was the easy part. It gets a lot harder from here, especially for an impatient soul like me who wants the bounce to be done as soon as possible.
Triple-Leveraged Victory Lap
Since this is the first weekend in a while I’ve felt absolutely terrific about the world of trading, I want to celebrate the call I made two Fridays ago, when I insanely suggested buying the triple-bearish-leveraged instrument SOXS. Truth to tell, one could have waited an entire week to get the exact same entry price, because the meat of the move was just on Tuesday and Friday, but all the same, it went up about 50% swiftly without ever having to take any heat during the holding period.
