I first mentioned eHealth (symbol EHTH) as a short idea a couple of weeks ago. At the time I said “Likewise, eHealth is about 85-90% done with the completion of its own gargantuan top.”. Well, I’d say about 99% now!
Infirm
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.
A Hedged Bet On A Bitcoin Breakout
Testing Strong Resistance Here
Apologies for the extended absence again as my interminable divorce drags on. That’s making progress though at least, and in a few months at most should be done.
In the meantime I posted my premarket video at theartofchart.net from this morning on my twitter in the morning and on indices so far at least that has been exactly on target. If you missed that then you can see that here.
Just to recap quickly what I was saying on the video, I was expecting SPX and NDX to rally into retests of the strong resistance trendlines that have been holding so far this week on both. We have seen that retest on SPX and a daily RSI 5 sell signal is now brewing as expected. If that fixes then these have been good performers for delivering retracements this year.
(more…)Revisiting Equity vs. Yield
Some of you may recall an interesting ratio chart that I examine from time to time: this is the S&P 500 cash index divided by the 10-year interest rate. Over the course of many years, it has followed a channel pattern with remarkable precision.
Watching For 4400-10
I’ve been distracted this week by a divorce hearing yesterday morning, but that’s out of the way now and I’m doing two posts today. This first one is talking about short term upside targets across SPX, NDX, IWM and INDU and the second one later today will be looking at the bigger picture case for a backtest of the 3750-3800 SPX area soon, and the potentially very bullish implications if we were to see that happen.
For now on SPX the wedge resistance trendline is in the 4400-10 area, and the retracement over the last couple of days could set up a very decent possible RSI 5 sell signal if SPX heads directly to that target from here.
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