Remember back when marijuana stocks were all the rage? If not, maybe you used too much of the stuff. Anyhoo:
Smoked Like Blunts
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.
Semiconductor Sector; a Market & Economic Leader
The signals have persisted since the May lows in the Semi sector and in the broad markets. Nominal Semiconductor (esp. Semi Equipment) stocks and the sector’s market leadership have remained intact into our window for a projected cycle bottom, which was the 2nd half of 2019.
This post shines a favorable light on the Semiconductor sector while at the same time acknowledging that may have little to do with the broad market’s fortunes as Q3’s reporting begins next month. In other words, while we have been projecting new highs for the S&P 500 on the very short-term, there are fundamental and technical reasons to believe the stock market could be significantly disturbed in Q4. But the Semi sector is an economic early bird. Let’s remember that.
(more…)Solar Stocks Heating Up
Solar stocks rallied Tuesday amid instability over Mid-East oil, with two of them in our Charts of the Day video.
First Solar, Inc. (FSLR) jumped $2.38 to $65.82 on 1.5 million shares, or 1 1/2 times its average volume. The move, on no news, broke the stock out of a 6-week base pattern. Watch for a move next to retest the recent highs at $69-$70.
(more…)More Downside Ahead for SMH
The VanEck Vectors Semiconductor ETF (SMH) has a fascinating big-picture chart set-up that is loaded with technical information, most of which argues for more downside directly ahead.
Gun Stocks
I’m not about to wade into this political tempest. I simply wanted to use SlopeCharts sector feature and showing you the gun-related stocks it had, since the finance boards this weekend are, understandably, talking about gun stocks. Here they are, with a few words about each captioned.
