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.
Hawaii Bonus Video
Some footage I took underwater during my recent trip (soundtrack=glug glug glug):
Sell Your Tesla
This is just a simple thought: Tesla has, over the past six months, changed from a beautiful “buy” to a screaming “sell”. I’ve marked the arrow at the point where it made sense to buy the stock. I have been gushing with praise about Tesla, both the company and the vehicle, on Slope ever since early this year. I took delivery of my own Model S in February, and it’s by far the best car I’ve ever owned. But this is a company with a $20 billion market cap that’s projected to sell a total of 25 thousand cars this year. The trading volume alone should tell you this is just a stock-buying orgy and not anchored in reality. I wouldn’t short it, but I sure as hell wouldn’t hold on to my shares either. (more…)
Testing Serious Support
SPX closed yesterday back at the daily lower bollinger band. I’m not expecting another strong break below the lower band at this stage so if the band is respected we are unlikely to see SPX close significantly below 1621/2 today. Worth noting as well are that SPX declining channel support and rising support from the 1343 low are in the 1623/4 area, and that the 23.6% retracement of the full move up from 1343 is at 1623.22. This is a very significant support confluence near where the SPX daily lower bollinger band is likely to end the day. SPX daily chart: (more…)
