These screenshots are a tiny bit outdated, since we’ve had a bit of selling this morning, but the Dow Industrials blasted to yet another lifetime high today, escaping their range from late last year.
How Dow?
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.
Full Ripeness
For those who have been patiently waiting for the worldwide equities fund EFA to reach an enticing point for a short-sale, I think that time is at hand. Take note of the important price gap, and how we have just about sealed it up perfectly.
The TSLA Slog
Tesla has bounced mightily since yesterday, adding about $80 in twenty-four hours. This is very impressive, but I’d like to give this move some context. Since its price peak on November 4th, Tesla has been the poster child for “lower highs, lower lows”, and my view is that this is just another counter-trend reaction that will soon sputter out.
Trampled Leprechauns
Weeks ago, I wrote my premium members asking Will the Rainbow Crack? (it did!) and since then Bitcoin has endured a slaughter of about $25,000 or so. It’s ugly stuff.
Two Lines, Not One
Below is a chart of the SPY Please take special note of the two supporting trendlines I’ve drawn. They are BOTH anchored to the same starting point, which is the Covid crash bottom. Their other anchor points are different, however. One is anchored to October 6 of this year, and this line has been broken and we are beneath it at this very moment. The other, lower line is anchored to the December 3rd low, and by its very nature and definition it is unbroken.
