As I am typing these words, the 23,598 point /NQ is up 0.00. The market has absolutely NO clue what to do with itself until freakin’ NVDA reports.
Flagging Direction
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.
Stop Clutching Pearls About The Intel Deal
Bitcoin – The Dog That Didn’t Bark
Back in my post on 11th April I called the likely start of a strong rally which we then saw.
Back in my post on 12th May I called for new all time highs on Bitcoin (BTCUSD) and laid out possible IHS scenarios on both Solana (SOLUSD) and Ethereum (ETHUSD), looking for ideal right shoulder lows on Solana in the 125.43 area and on Ethereum in the 2074.27 area. That hasn’t gone quite as I drew then but essentially both are still running that scenario, though Ethereum has now reached the IHS target.
Back in my post on 23rd June I called the likely lows on those right shoulders made on Solana at 126.09 and on Ethereum at 2113.65, and was looking for that IHS scenario on both to start to play out.
Back in my post on 18th July I was looking at the IHS that had since broken up on Ethereum and the progress made towards the IHS neckline on Solana.
(more…)Two Huangs
Following Friday’s absolutely grotesque and soul-crushing mega-rally (since, as we all know, a 0.25% reduction in interest rates will solve ALL our problems instantly in a few weeks), it’s encouraging to see blood on the screen this morning. The /NQ has been slowly bleeding off from its Friday’s highs.
Post-Powell Pairs
A fresh look at the ratio charts shows that the mega-rally on Friday didn’t change a thing. All charts still point to one grand noble truth: precious metals are going to kick equity’s butt for years to come. Not all of these charts I’ve selected pertain to that, but let’s take a look.
The ratio of the Dow Composite to Silver is still positioned for a hard and sustained fal.
