The hottest earnings report of the quarter just came out, and AMZN is absolutely flying higher. Keeping things in context, it has sailed to the Sierra Nevada Mountain Range of overhead supply, so I think it ain’t goin’ no higher.
Amazon Hot Take
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.
Alphabet Explosion
Well, any hopes we bears had about Alphabet re-igniting the bear market have been laid waste. The stock is absolutely exploding higher by triple digits, and it has sliced through virtually the entirety of its (former) topping pattern.
Lurch
Well, let’s call today The Revenge of Cathie Wood, since not only did stocks go up, but the more horrible the stock was, the MORE it went up. Really crappy issues were up 20% or more. As for the /ES, it sliced through two important resistance lines in a pair of powerful lurches.
Turning Slightly Bearish
Thanks, Elon!
I wanted to do a follow-up on a premium post I made almost exactly 48 hours ago. It was insane at the time – – absolute madness – -but I actually suggested BUYING TSLA. And I did this when the entire world was falling apart and Tesla looked like a train wreck.
