As we continue to endure the latest count-trend rally, here are a couple of younger brokerage outfits that may be forming a strong bullish base:
Brokerage Breakout?
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.
Thus, the Target
It’s well before the opening bell on Tuesday, and I see the bulls are still screeching down the field, football firmly in hand, and it’s solid green on the screen. I offer below the snippet from my Super Tough But Irrelevant post (premium members) that I wrote two weekends ago:
Quarter Pounder
Friday was, neatly, exactly the last day of the quarter, and we kick off the final quarter of this so-far glorious year on Monday. Let’s look at a variety of important ETFs using quarter bars (each bar represents a full three months, instead of the typical single day0 to get a crude, long-term picture as to where the markets stand. As always, click on any chart for a bigger version, determined by the size of your screen.
We begin with commodities which, thank largely to oil and precious metals, has traversed to the bottom of its multi-year ascending channel. What we want to see next here is a break, which I am anticipating will happen thanks to continued weakness in commodities.
Buy Utilities?
I guess the post title says it all – – – to explain, XLU has been clobbered lately, but it is tagging its very long-term trendline, just as it did on that fateful day in mid-June which began Bear Hell.
Tesla Trendline Touch
Go, rally, go! That’s what I say. I’ve got a mountain of cash ready to deploy, but only after the bulls get deluded again into thinking everything is just fine again.
Tesla, for example, did a pitch-perfect touchpoint of its trendline. I’m talking right down to the PIXEL of perfection.
