The worldwide equity fund EFA is nailing an absolutely perfect trendline tag today.
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.
Be Reasonable
My hand to God, if this gorgeous NQ top doesn’t result in a complete slump in tech stocks, we all might as well become cabbage farmers.
Mayday! Mayday!
Good morning, Slopers. We’ve made it through a lot lately, and I’ve got to say, in the 37 years I’ve been starting at charts, I cannot remember ever seeing anything weird as the new pattern – – let’s call it Powell’s Middle Finger – – that happened yesterday. I suspect bull and bear alike are approaching today with a skosh of nerves.
CVS is Sick
One would figure the nation’s biggest pharmacy would be a safe, conservative investment. Nope. CVS has lost about HALF its value in just two years. From a charting perspective, it’s been behaving beautifully, because its breakout/support (blue line) turned into resistance (see red arrow), and now we’ve taken a hard fall to very long-term support (green trendline).
Tesla Track
It has been a very good week for Tesla (TSLA), which was in the 130s on Monday and the 170s by Friday. In spite of that, I think the pop’s done, based on:
- Long-term downtrend;
- Fibonacci resistance;
- Substantial overhead supply
As a reminder, you can actually tilt drawn objects in SlopeCharts to any angle, as I have done here with the rectangle:
