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.

Two Marijuana Stocks Among Four Charts Looking Higher

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Two cannabis stocks are among our four charts to watch today.

Aphria Inc. (APHA) popped $1.08, or 14%, to $8.74 on 13.7 million shares Thursday, nearly twice its average volume.  The move came on a Bloomberg report that Green Growth Brands (GGBXF) is open to negotiations regarding its attempt to buy the Canadian marijuana company. Watch for a move next to $9.50, as momentum is strong, followed by $10.50, which is next lateral resistance.

Cronos Group Inc. (CRON) rallied $1.25 to $19.68 on 29.5 million shares Thursday, more than 2 1/2 times its average volume on no news.  Shares in the cannabis investment firm doubled in January, and look poised to continue higher towards the top of the steeply ascending channel near $24.

Evolus, Inc. (EOLS) popped 73 cents to $16.35 on 575,024 shares.  The move came on no news from the provider of medical aesthetic products.  The stock has been rallying off the bottom of its declining channel since December, though it hasn’t yet broken out above the declining tops line.  It’s been up for five sessions in a row on strong volume, and closing in on that declining tops line as well as lateral resistance.  A break through here could lead to a run to $21. 

Qutoutiao Inc. (QTT) jumped $1.22 to $10.92 on 2 million shares Thursday on no news.  Shares in the Chinese viral-content site, which have nearly tripled since early December, broke out of a mini wedge and above lateral resistance.  Next target is $13.50.

Semiconductor Sector

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As in January of 2013 (ahead of an economic up cycle) and Q4 2017-Q1 2018 (ahead of an economic ripple that began in 2018) the Semiconductor sector and in particular its Semi Equipment sub-sector are front and center in forming our analysis about coming events. Excerpted from the January 20th edition of Notes From the Rabbit Hole, NFTRH 535

Semiconductor Sector – Watch the Early Bird in 2019

This one is special for me. I started my work life many moons ago as a participant with the Semi sector [circa 1983-1993], painfully learning first hand how violent the cyclical turns can be. Dialing ahead a couple decades, in January of 2013 NFTRH began a narrative that saw the then up-turning Semi Equipment bookings (this data is unfortunately no longer published) lead the sector, general manufacturing and eventually the whole raft of components that make up the economy into a cyclical up-turn.

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Smoke Two Joints

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Marijuana stocks are among our top charts to watch today on potentially positive news for the industry.

Aurora Cannabis Inc. (ACB) gained 20 cents on Tuesday to $5.93 on 15.8 million shares.  Shares rose with release of the final 2018 Farm Bill legalizing industrial hemp, as well as reports that Gov. Andrew Cuomo may introduce a plan to legalize recreational marijuana in New York.  On the hourly chart, ACB looks poised to break out above the neckline of a head-and-shoulders bottoming pattern.  First target is the recent highs and lateral resistance at $6.75, followed by $7.75.

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Sector Shorts: Banking

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Preface to all sector posts: I’m not going to dance around it: I am very short again. I have 99 different short positions and am aggressively positioned for the week ahead. I have gone through all my charts and have broken a portion of them into distinct sectors. Here is the next gallery, and as always, you can click on any thumbnail for a larger image. You can scroll left and right through the gallery.

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