Doom-y Equity Futures
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.
Hold the Line
With all the sloshing and swishing throughout the day, when it was all over, the S&P 500 futures closed up 0.07%. Whoop-de-freakin’ ding-dang-doo. Good Lord, this market has become dull.
With that dazzling introduction, as we await the FOMC in 3.5 more trading days, below are some key U.S. stock indexes and, important, their key resistance levels. It would make things a lot more pleasant with the bears if these resistance levels were respected and not exceeded. Here, close up, is the NASDAQ Composite:
Long-Termers
Out of my dozens of short positions, here are the five I think have the best long-term prospects for going lower.
Fool Me Quarce……
Rivian (RIVN) is a mystery. Long-term, it’s doing just fine. Medium-term, it’s a total trickster. There have been three recent instances in which the stock looked ready to rock the free world, only to tumble away, erasing virtually all its gains. I’m playing it safe and took my profits on RIVN. If we break above that red horizontal, maybe the grind is finally over.
Major Intel Resistance?
We’ll know by the opening bell on Wednesday.
