In a normal, sane market, I would actually buy these. As it is, though, I’m just sharing, just to mix things up a bit. I wouldn’t actually buy something in this market; are ya crazy?
Some Classic Long Patterns
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.
Perfect Touch
The SPY ETF hit its supporting trendline to the pixel and immediately reversed (the QQQ has already broken the same trendline). If we break this line tomorrow, it’s party time. Otherwise, the bounce continues. I’ve extracted a bunch of cash out of my account and shoved it into the pockets of my khaki shorts. That explains the bulge.
Knight Says King
I’m probably just letting the madness of the market get to me, but I offer below DraftKings (of all companies) symbol DKNG which is sporting an interesting basing pattern which it has expressed in the past.
An Unwelcome Saucer
My sleep schedule is pretty screwy during this trip, so I woke up at about 1 a.m. Palo Alto time (4 a.m. North Carolina time) and saw something I didn’t want to see. Yesterday, upon observing the /ES and /NQ futures, there were two specific levels that, if crossed, would constitute a completed saucer pattern, and wouldn’t you know it, those levels were heeded with near-perfect reverence for the importance of those patterns:
Junior Samples
Just to say something positive for a change – – although gold seems to do little but disappoint me, I at least wanted to mention that the junior miners (symbol GDJX) has a couple of things going for it. One, it tagged the lower bound of is broadening pattern quite nicely, and two, its recent low is a higher low than before, which suggests strength. If it can clear its recent high, maybe we’ve got something substantive going on here.
