I was intrigued by this quote from Michael Burry, who is a Tesla bear:
Intrigued, I fired up the SlopeCharts Correlation Indicator, and – – no surprise at all:
(more…)Birds of a Feather
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.
NEW – Chart Alerts
Late last year, I surveyed Slopers to see what they wanted most on the site. The results were extremely helpful, and far and away the most popular request was to create chart-based alerts in SlopeCharts. I am delighted to report we have made our first baby step in that direction, and it is available to you right now.
Our first chart object that will use this feature is the simplest one, which is the horizontal line. This line is crucial for, naturally, price breaks above a certain level (bullish) or below a certain level (bearish).
Using it could not be simpler. When you right-click on a horizontal line, you will see a new choice called Create Chart Alert:
Seven Free Highlights
There has been so much growth to Slope in recent years that it’s very easy to lose track of all the features on the site. Below are seven pages I think you will find of interest, and I’ve deliberately selected those which are free of charge to all users. A good way to spend a Saturday!
- Chart Essentials Videos – a collection of quick videos explaining key chart patterns
- Super Stock Summary – instant overview of any equity symbol
- Recommended Books – my favorite trading books
- Best Posts of All Time – out of 30,000 posts, the very best of the best
- Android and iOS Apps – access the Slope app for your phone (also free!)
- Patterns Guide – a complete guide to patterns with examples
- Best Pages for You – a bespoke collection of pages based on the kind of trading you are
Preserving Goofy
For this post, I used the Filter by Label feature to hone in on the stocks that have recently been subjected to the once-in-a-lifetime short squeeze we witnessed in recent days.
NEW: Risk Analysis Mode
Besides SlopeCharts and the Posts section, my favorite part of the website these days has become SlopeMATRIX. A primitive version of this came out a few years back, but I was so dissatisfied with it I got rid of it. We reintroduced the product in a far better fashion recently, and we’ve just added an important new mode I’d like to tell you about: Risk Mode.
To understand this, you should know MATRIX has four different modes, the newest of which is designed to help manage risk and opportunities:
