I took a stroll through my watch lists and plucked out obscure but interesting bearish setups. As always, click on any chart for a screen-filling version.
Outliers
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.
The Magnificent Three
This afternoon marks the close of the earnings season for the next three months. Oh, sure, only two-thirds have reported, but all the good ones will be done. Do you honestly care about crap like Ford, Affirm, Chipotle, and Eli Lilly? I sure don’t!
In any case, these three mega-cap, multi-trillion-dollar monsters will all be pouring out this afternoon. I have NO positions in any of these, and I find all three charts rather inscrutable. I hoist my mug, however, with the fondest wish that at least one of them gets nuked!
The Big Finish
As I mentioned in my final post yesterday, the 17 hours spanning Thursday’s close and Friday’s open are going to be HUGE, with
- AAPL earnings;
- META earnings;
- AMZN earnings;
- The unemployment report
So, ironically, Thursday’s trading day is going to be pretty much the act of waiting around and looking at one another.
(more…)PREMIUM: Index Check
The content below is for paying members only. As for everyone else, see you on Thursday at the open!
So Is It Finally DEAD?
First off, a standing ovation for the boys over at WallStreetBets. The reverse indicator is still rock solid. At least the Bozo who did this is self-aware enough to know he was about to get ruined.
