There are not just one, not two, but three Fibonacci levels all hovering above Tesla’s present price level. The stock is quite strong today, but it’s going to have a much hard time pushing past this formidable zone of resistance.
Her Name Was Trio
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.
Tuesday Tumult
It seems that rotten news in the job market is just what the doctor ordered to send the stock market exploding higher. The government decided, long after the fact, that its totally was completely and totally wrong (imagine that) and therefore was going to change it in such a way as to boost equities (imagine THAT!) Long story short, they’re making it up as they go along, and they are inventing numbers out of whole cloth in a way that would make China envious.
So the Russell is rocking…..
Remaining Months Part 2 (by Xerxes)
Four Remaining Months (by Xerxes)
There are four months left in the remainder of 2023. We are experiencing the first red month since February and, not to put too much pressure, this week has the potential to determine the direction for the rest of the year.
The Gold Standard
I’m already seeing plenty of chatter about how the sell-off is over, and it’s back to buy, buy, buy again. Yeah, well, I don’t think so. Below I present to you the up-to-date charts of a variety of important indexes, each of which have been divided by the price of gold. This representation of equity values, in real money terms, is a more honest and meaningful portrayal of value.
Here’s the all world index which, like just about every other item, shows the price action cleanly within the confines of what could be a massive topping pattern. This rounded top is similar to the two which preceded it, but vastly larger.
