Semi Index FAILS
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.
Shaky Semis
Good morning, Slopers! Yesterday was terrific, and although we’re definitely seeing some “stocks are on sale!” strength pre-opening, there was some really magnificent technical damage done yesterday. The all-important midline for NVDA (shown below as a dashed line) was, at long last, broken. Better than that, prices just leaped right across the line, instantly changing it from support to resistance.
Midline Now a Ceiling
Wow, the NQ is down nearly 500 points. Isn’t that illegal or something? Anyway, the midline that I’ve referenced for NVDA every day for the past decade has finally broken. This now opens a prospective new range, tinted below in yellow. I remain a happy holder of MU and SMH puts.
Hermes Simplex
Looks like Burberry totally missed the boat on high-end consumption.
