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.
Even though crude oil has its (annoying) surge from June 21 through July 31, the topping pattern for oil and gas explorers and producers was never violated. The head and shoulders pattern is firmly in place, and the neckline was tested twice successfully. This downturn could start to kick in very soon.
Well, Slopers, what’s going on in the world this morning?
First off, our Tweeter-In-Chief is yet again taking full credit for lifetime highs in the stock market. Here’s a safe bet: when it falls, he’ll blame someone other than himself. Guaranteed.
Just one last quick chart before I close shop for the night – – gold – – which I am short in abundance at the moment. I hope the chart makes my idea plain; the length of cycles looks pretty regular to me.
This 2007 interview is simultaneously fascinating and sad – – Gallagher, presently 71, comes off as painfully bitter. Almost every single comedian they ask about he declares as just terrible. Also take note early on he claims to know more about stocks than all the Wall Street analysts combined (which, let’s face it, is probably true).
I gather he recorded this ten years ago, and if I recall correctly, he got wiped out with all the “stock trading” he refers to early in this interview. Not a Slope reader I guess, eh?
Yes! Ever since February 11, 2016 (the last time the market was permitted a chance to actually be a “market”), the small caps IWM has steadily held its uptrend…………until today. I think this is an important failure.
