S&P500 update: is SPX 2140 next!?

We like to keep things simple at Intelligent Investing, and one way to look at this is by using price-only charts. Below is the YTD chart of the S&P500, with the important S/R (support/resistance zones) as well as trend lines. With price finding support yesterday at the upper end of our SPX 2000-2020 S/R zone,…

GPRO update 10/19/2015: Time to get bullish!?

It’s been about a year since GPRO peaked at $100, and since then it has lost 75% (!!!) of it’s value. Hence, is it time to get bullish on this stock, which has smashed each and every earnings out of the ballpark beyond anybody’s wildest dreams and in fact is making a profit, which most…