
This Market in One Image

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.

One of the values of patterns with charts isn’t just to observe when things are going right, but also to recognize when things are going wrong. I was reminded of this today since Alexion was bought (symbol ALXN). The “heads up” on this was actually weeks ago, when the descending trendline was broken. Here are some good examples of how pattern violation presaged from powerful bullish moves. For bears, the break was a time to get out; for bulls, it was a time to get in.

I went through my list of 64 stocks in my “Recent IPOs” list and plucked out these five, which seem especially strong. The market’s desperate search for outsized growth keeps pushing these up to lifetime highs nearly every day.
