Daily Archives: April 1, 2013

An Old Miners Prediction

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I was looking for a spreadsheet document just now when I saw a file on my hard drive called “GDX Prediction”. I was intrigued and I opened it up. It looked like this:

0401-spread

I couldn’t really tell what I was trying to get at, except that it was obviously some kind of analog, but I noticed that the final price level I predicted from nearly a year ago was $37.31; I glanced at the quote for GDX…….

0401-quote

Hmmm. I took a look at the date stamp on the spreadsheet (it was from May 11 of last year), and I dug through the calender archive of Slope, and I managed to find the post, which is right here.

So, errr, I guess this prediction worked out great, although I sure wish I had some more context! I’m as bearish on miners as ever, as most of you know.

Why Financials and Google Are Lagging

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Well now that we’ve got that out of the way
Get what out of the way you ask?
Breakout into new all time highs in the S&P 500 that is.  We’re not really excited about this breakout errr eek into a new high rather as it took place into a holiday and into quarter end window dressing. But it is what it is.  Don’t forget to be on the lookout for a shake and bake shake out high here folks.  If that’s going to happen, it’s going to happen soon.
 

A Good Start to a New Quarter

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Good morning, everyone,

First, some folks have been scratching their heads, wondering why every single article on the new Slope appears to be by me. This isn’t an ego-maniacal plot on my part to claim credit for the hard work of others; I won’t get into the technical details, but rest assured, from now on, the “by-line” of each article will reflect who wrote it (and, ahem, hey you writers, I could really use some extra content right about now!)

Second, I’m pleased to see the equities take a slip this morning, although we are still well within the confines of an ascending bull channel, and thus it’s nothing to high-five about yet. For myself, I came into the day short 82 different positions, and I’m adding a bit here and there. I was pretty heavily committed going into the day, so it’s a good morning so far. We need to break the green tint below to bust the series of recent higher lows, and more important, we need to bust the cyan tint below to snap that nettlesome ascending channel.

0401-es

I had a bit of a tragedy with one of my hens yesterday (on Easter, of all days), so I’m afraid I will be attending to some family business (particularly with respect to children with a deep love of living things), so forgive me if I’m less “around” today.

Tesla Revving Up

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I wrote a very positive review about my Tesla S a week ago, and it got a pretty big response from readers; I don’t often get that many positive emails and re-postings of an article. Also, earlier in February, I put up an (all-too-rare) bullish post about a company’s chart – again, Tesla (TSLA) – based on a very handsome breakout formation.

The main thing that has been pushing my bullish interest in the stock has been my personal experience with both the car and the service staff. I have described Tesla, both here and among friends, as “the Apple of car makers”, because the attention to quality and user experience is something I’ve never experienced with a car before. It looks like that is starting to become evident to other car-buyers, as Tesla announced that sales of the Tesla have already beaten their expectations, and they are raising guidance and expecting their first profit.

Pre-market trading puts the breakout at around the green tint I’ve placed on this chart. I think Tesla, and its stock, have a very bright future ahead.

Tesla is trading heavily pre-open, with a 12% pop

Tesla is trading heavily pre-open, with a 12% pop