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.

Model 3 Come-Down

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Some of you may recall that Tesla Motors had a tremendous run-up in price in anticipation of the announcement of their Model 3 last April. I reported on the event, and the Model 3 (one of which I’ve got on order for myself) looks absolutely sensational.

The stock, however, has exhibited a pretty stunning example of “buy the rumor, sell the news”, as it has lost 25% of its value since the “Model 3 peak”. The stock is still very, very richly valued. Again, I think Tesla’s products are fantastic, but the equity on the company is uber high (so to speak).

0903-TSLA

Ante Omnia Armari

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I’m concluding latin post title week with a phrase which means ‘before all else, be armed’. This market could get very interesting over the next few weeks, hard as that might be to imagine after the last few weeks. We must all be careful not to get caught on the wrong side of a trade that goes the other way hard. The mini-crash almost exactly a year ago followed an August daily band compression that was smaller than this one.

Decent market information is a useful weapon too of course, Stan and I are analysts rather than clairvoyants but on a good day it can be hard to tell one from the other. I’m particularly pleased with this video that I recorded last night for our Daily Video Service subscribers at theartofchart.net, which has given me a very nice morning and a great start to the holiday weekend. I’ll go through the calls on the companion bonus charts below, which were used in the video and then posted for subscribers afterwards. I’ve not included the ES and TF charts as I was mainly relying on the NQ chart for equity index direction, for reasons that should be obvious on the video and chart: (more…)

ISM Manufacturing is Wobbling @ 49.4%

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The weak ISM headline number (PMI) was an excuse for bonds and precious metals to bounce and the US dollar to drop today. It evidently inspired wild eyed casino patrons to unwind recent positions (short gold, long USD for instance) as the great and powerful Fed now has reason to stand down in September. Such is life in the casino; always a story, always a play, always manic, always addicted to short-term news and media inputs.

Before looking at the particulars of ISM, let’s review the Machine Tools sales data that we have not looked at in a while. It is and has been W.E.A.K. for years now, outside of the traditional year end tax mitigation bounce. Data through June (source: EDA):

machine tools

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