It could take years for Alcoa to reach its bottom, and I’m not patient enough for a grind this slow, but it’s a very powerful down-trend.
Alcoa’s Very Slow Burn
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.
Care Bears
Interesting to see how big the dips have been over the long haul. Covid was a monster, and snuffed out way too quickly.
In Gold Terms
Let’s take a step way, way, way back and look at the stock market from a multi-decade perspective. More importantly, let’s look at it in gold terms (no, I am not channeling Dennis Gartman!)
These four charts show major equity instruments divided by gold. It’s plain to see how well-formed, massive, and potentially disastrous every single one of these topping patterns looks. There is a staggering amount of “push-back” right now in the world of trading, with the universal declaration that the weakness in the market is already over. My contention? It’s got YEARS to go.
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Insipia
Nvidia has stalled. There’s no doubt about it. Go back twelve trading sessions, and we’re at the same price. Three weeks of just grinding around.
Tech Never Higher
The ratio between tech stocks ($NDX) and small caps ($RUT) has never been higher. Not even during the most insane Pets.com/DrKoop.com lunacy of 1999.
