Here’s an interesting one: the symbol MKTX. It has a huge head and shoulders pattern.
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.
Doomy’s
I’m getting the sense that any companies that have to do with restaurants are universally in trouble, because discretionary income is shrinking. It’s hard to believe, but only four years ago Denny’s was one of the hottest stocks on the planet. Now it looks about as appealing as one of their “steak” dinners.
Dodging A Bullet Thanks To RSI
In Gold Terms
Let’s take a step way, way, way back and look at the stock market from a multi-decade perspective. More importantly, let’s look at it in gold terms (no, I am not channeling Dennis Gartman!)
These four charts show major equity instruments divided by gold. It’s plain to see how well-formed, massive, and potentially disastrous every single one of these topping patterns looks. There is a staggering amount of “push-back” right now in the world of trading, with the universal declaration that the weakness in the market is already over. My contention? It’s got YEARS to go.
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Hanoi Hilton
Remember Vinfast (symbol VFS)? Just twenty trading days ago, I reported that……..
VinFast, has raced up in value to nearly $200 billion. Let me put that fact another way: (1) take the value of General Motors (2) Take the value of Ford (3) Combine them (4) DOUBLE that figure (5) That’s LESS THAN the value of VinFast, which is a new electric car maker from Vietnam. Feeling woozy yet?
