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.
What a weekend, eh? Looking at the 5-minute bar chart of the NASDAQ futures, it’s almost quaint to remember the NVDA price spike from only three trading sessions ago (post-close Wednesday), marked with the red arrow (dur-hay). That was truly the last gasp as the market, crazy as the news is, is actually following a marvelously steady slide in a series of Tim-loving lower lows and lower highs.
One of the truer sayings in the world of trading is, “If something goes down when it’s supposed to go up, sell it.” With that in mind, I present to you Nvidia this morning:
Another victory for technical analysis.
Having spent most of the night awake and working on Slope, I am nearly ecstatic to report that, well more than an hour before the opening bell, we appeared to have the necessary breakthrough. Not to jinx it, but I believe we are good-to-go!! I shall now turn my attention to my portfolio, which appears to be off to a simple fantastic start to the day. Good luck out there, and I hope Slope goes smoothly for you all.
First off, if Slope is acting odd for you, please read the prior post.
More substantively, as I stand here Sunday night, the markets are roiling. I’m not sure if it was Trump’s 50% boost to the tariffs he established only on Friday, or the Iran situation, or just a crazy-overvalued market ,but equities are down nearly 1% across the board (as of now, at least; you know how these things can turn).
