Longs – Page 165 – Slope of Hope with Tim Knight

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.

Tesla Guess

By Tim Knight - 3 years ago (19, Oct 2022 12:42:55 PM)

Psychologically, I think the most important earnings report after today’s close will be Tesla (TSLA). I have no position in this (except inasmuch as my beloved son has a gazillion options), but my dumb guess is that it’ll go up, based on its relationship to its Fibonacci level and the fact that this price level has been good support for months. If I’m wrong, look out below, because there’s zilch holding this thing up. But honestly, I’d be stunned if that happened. We shall soon see, and I’ll update this post accordingly.

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Netflix Binge & Purge

By Tim Knight - 3 years ago (18, Oct 2022 1:05:48 PM)

Pretty wild action in NFLX a few moments after the closing bell, as earnings came out and the algos didn’t seem to quite know what to do with the data. After a soar, then a tumble, the soar resumed, and it seems on solid ground for its breakout:

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Netflix and Salad

By Tim Knight - 3 years ago (18, Oct 2022 7:22:28 AM)

Since I’m surrounded by bulls these days, I thought I’d share a couple of prospective long positions. The first is fallen angel Netflix (NFLX) which, should it push above its horizontal at $252, seems well-positioned for a potential gap-fill:

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The Bullish View for ’22

By Tim Knight - 3 years ago (16, Oct 2022 5:05:48 AM)

Please note: this video was forwarded to me during my Thursday night despair, and I figured, screw it, the bulls have won, so even though Larry has been calling for an “up” market for the entirety of 2022, I’ll post it anyway. Now I’m back to my he-has-no-clue self, but here it is anyway. Meh.

Devil’s Advocate (by Moneymiser21)

By Tim Knight - 3 years ago (15, Oct 2022 9:03:09 AM)

With all respect to Al Pacino and Keanu Reeves, we traders find ourselves in a very interesting ‘Devil’s Advocate’ situation following Thursday’s CPI dump and pump.

A good ol’ bulls vs. bears mental match.

The bulls’ case received a few key boosts:

Our dear bear leader’s 3500 SPX target being tagged, bagged, and bounced off of.

Note that that 3505.24 level on SPX marked a 50% retracement of the move up to a new all-time high from the COVID low.

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