Qudian is a Buy
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.
Devil’s Haircut
I never like it when someone purports to be “the devil’s advocate”, because I figure I’m about to hear something I don’t want to hear. In spite of that, I’ll take on this role and point out a potential area of bullish support (which, God willing, will shatter and crush the spirits of evil bulls the world over).
Take note of where things are with the NASDAQ:
Emerging Trendline
I wanted to point out an exceptionally important trendline for the emerging markets, shown below via instrument EEM. Notice how this line represent resistance for many years (magenta tints) and then has changed to support (green tints). That’s precisely where we are right now.
Three on the Move
Three stocks that had been digesting recent gains now appear to be on the rise again.
ArQule, Inc. (ARQL) gained 42 cents to $7.17 on 2.6 million shares Tuesday. The move, on more than 1/2 times its average volume, came on no news from the biopharmaceutical company. The stock broke out of a month-long wedge pattern last week and backed off before Tuesday’s move. It edged above resistance at the July high of $7.21 intraday. A follow-through could get it to $8.50 next.
(more…)Bullish Quintet
Just to break tradition, I offer below five bullish charts. To be clear, I’m not the sort of chap who buys anything, ever, but I figure I should mix it from time to time.
