OK, at long last, the trendline from the March 23rd bottom has broken. This is an important and unprecedented event.
Big Break on Small Caps
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.
Peloton Fiasco
Well, just like I’ve mentioned about eight thousand times, particularly on my tastytrade show, what I called the “Accidental Beneficiary of Covid” (ABC) — Peloton – – has finally hit the skids. I’ve been making snarky remarks about this place for ages, since I never believed cheesecake-gobbling Americans would pay big fees every month to exercise and get shouted encouraging bromides from strangers. I’d say this has vastly lower to go. The head and shoulders pattern I’ve been tracking for months is completed, and it’s bombs away now.
Monster Mid-Caps Trendline
Today it’s the same old, same old. Screen all green. Lifetime highs. And so forth. You know the drill.
I would quietly draw your attention to MDY, the mid-cap ETF. Take note in particular the upper trendline which goes back a dozen years.
Party On
I’ve always had a soft spot in my bearish heart for a little company called Tupperware. In recent months, it has formed a lovely little reversal pattern. Next step: break the green support.
Damocles Diamond
The most promising pattern going these days is the /RTY (small cap futures) which I am watching with rapt attention.
