A viewer of my tastylive show wrote me this morning to suggest Shopify (SHOP) as a short. I’m inclined to agree, so I bought a bunch o’ September puts this morning. It’s a love head and shoulders top.
Shop ’til It Drops
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.
Life Spent Forming an H&S
Below is SAGE, which has spent its entire existence building the biggest head and shoulders top in history. I suppose it is destined for $0.
Staring at the Ceiling
Happy Wednesday, everyone. This is one of those rare days than I celebrate equity futures being green. My assessment (and hope) at this point is that the futures will fight their way back to the horizontal lines I’ve drawn. I reserve the right to change these, of course, but these are my best approximations right now on the S&P 500 futures……
Gaining Momentum
It’s been a long, long time since I’ve loved what the stock market was doing, but with patterns failing, trendlines cracking, and horizontals getting toasted, it’s finally fun once more. The indexes are quite similar with respect to their failures. We’ve got the NASDAQ Composite:
Key AMD Support
The horizontal I’ve drawn (and highlighted so you can see the precise figure) is important for AMD to not pierce, lest the selling accelerate (and spread to other semiconductor companies).
