A Disturbingly Bullish Outlook

After all these years, if there is one thing that stands a chance of permanently changed me from a bear to a bull, it’s the new Future Trend feature in SlopeCharts. I am absolutely captivated by this. Just look at the projected price paths of American Eagle.

Computer Associates...

The CBRE Group (and look at it hug that trendline.)

The CME Group (which is clearly a super-smooth sailor)

And homebuilder DR Horton (again, look at its behavior against the trendline; incredible!)

The “seasonality” of the Future Trend data is nicely represented by Lululemon:

And in spite of a recent tumble by Oracle, look at this:

Of course, this cuts both ways. If you look at the ultrashort on the NASDAQ, Future Trend paints a grim picture for the long-suffering bears. Once again, I am slack-jawed by how beautiful it plays against even long-term lines.

Who knows, I may drop this bearish thing yet. Although nine years too late.

Disclaimer: This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult ...

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