Good morning, everyone. Well, the Great White Hope continues to be, fittingly, a diamond. It isn’t at all clear when you look close at the /NQ (although you can see the attempt at even a modest rally was beaten back):
Split that Diamond!
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 Perfect Pair Trade?
Allow me to share just one simple ratio chart. It is the RYT divided by the IEF. That is, the S&P equally-weighted technology fund (RYT) divided by the 7-10 Year Treasury Bond fund.
Apple Fritter
Apple remains a terribly important stock to watch, since it is such a bellwether for the NASDAQ as a whole. It has, for some weeks now, been carving out a series of lower highs, and even with this morning’s strong NASDAQ performance, AAPL could only muster a shooting star beneath its most recent “lower high”;
Walk the Line
It’s absolutely amazing how “obedient” the SPY is being with respect to its resistance trendline.
Three Triangles
Below are three equities which share in common (a) very clean symmetric triangle patterns (b) the failure of the pattern itself. I thus think they are prone to a fall in the weeks ahead. Click on any chart for a larger version; the symbol and name are in the upper-left corner.
