I’m expecting to see a short term high soon, and that might turn out to be a very significant high that will last months. Generally before a significant high we would see equities test the water, as it were, with a first decline before the main high. I suspect strongly that is what we are seeing at the moment, so I’m expecting this move to have limited further downside and to be followed by (probably marginal) new SPX highs in the near future. (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.
A Head and Shoulders to Short
Swing-Trading Watch-List: PNK, RDN, ACAD, HOT, LVS
Next Shorting Opportunity for Tesla
After I boldly posted my Tesla Top screed, which flew in the face of every analyst on the planet, Tesla has been falling to pieces. Tesla, as I predicted, has become a short-selling paradise. This morning, however, in a classic example of the “news” being priced in before it was even out, the Feds announced they were opening a probe into all those inconvenient fires that Tesla sedans keep having. The stock actually went higher. (more…)
The Real Unemployment
I just learned about a site called Shadowstats which shows a variety of data based on reality, instead of constant government adjustment. They use a consistent calculation of unemployment that was in place in the early 1980s, and based on that, let’s just say Obama hasn’t driven unemployment down to 7%, or whatever lie he’s saying. It’s triple that amount. (more…)
