In a few short months, Tesla has gone from being a company not that many people knew was even public to a company that is being escorted into the esteemed ranks of the NASDAQ 100. Now you good people know how much I love both the car and the company, but don’t you think that, for now, all the great news about Tesla is kind of out there? Let’s face it, the company still has a negative p/e, yet it is sporting a $15 billion market cap and, when you get right down to it, is an expensive maker of bespoke luxury vehicles that are selling at a rate measured in thousands, not millions. (more…)
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.
Last Orders
I wasn’t entirely happy with the high yesterday, which at 1654.18 was just one tick below the mid-June high at 1654.19. A reversal from there would leave a sliver of a chance that the retracement might develop into something more. It also didn’t quite hit the lower trendline target I showed in the SPX 15min chart yesterday, though there is a little play in the target area and is was an arguable hit rather than the ideal hit that I was looking for a point or so higher. The chart below is the one I posted on twitter last night with a possible wedge retest retracement scenario from yesterday’s high, and we could see that today with clear negative RSI divergence on the ES 60min and SPX 15min charts here. SPX 15min chart: (more…)
