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.
Super Micro Computer (SMCI) came out with earnings after Tuesday’s close. I was toying with the idea of a small put position, but I didn’t have the guts. Too bad! Because this is a classic right triangle top, and in spite of the company announcing a 10-for-1 split, the stock, last I checked, was collapsing.
Months ago, for reasons unclear to me, we bought a 10-pack of “hamburgers” from Beyond Meat, and they’ve been languishing in the freezer ever since. I decided this morning to cook ’em up for my dogs, since we were never going to eat them, and doing so would guarantee my dogs would review today as a 5-star event.
I’m leaving theartofchart.net today, my main base for almost nine years now, and setting up a new site at chartingthemarkets.substack.com though I seem to have unintentionally picked a really wild day to do that, so this is my second post today to cover the setup here on equity indices as well as my previous post today on crypto.
Why am I leaving theartofchart.net? Well many reasons really, but I’ve told a few people over the years that a collaboration between chartists might be reasonably compared to musicians forming a band. There comes a time when it is just time to move on, and I want to expand on my premarket videos and deepen my work and involvement with cryptos which it will now be easier to do.
(more…)I was laying out a possible bearish scenario on SOLUSD (Solana) on Thursday morning. It wasn’t my main scenario but I was saying that on a break under support at 165, it might well deliver. I was planning to write about that in a post this morning as something we would likely see this week. Annoyingly however, I see that my downside target was reached this morning, so I am regretting not writing the post on Saturday. You can see that premarket webinar from Thursday 1st Aug here, and I start talking about crypto at 06.26.
(more…)I called a possible swing low on cryptos on 5th July, and that’s been progressing as expected so far, and BTCUSD (Bitcoin) is now getting very close to bull flag resistance.
Bear flag resistance on Bitcoin is in the 70,600 area, and that is now getting very close. If that breaks then the flag target will be a retest of the all time high at 73.8k. Bitcoin has come off the daily upper band ride, and I am wondering about a possible backtest into the daily middle band, now in the 64,444 area, supported by the monthly pivot at 64,358, and with the 50dma not far below now at 63,371.
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