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.
Was Tuesday’s downdraft just a shakeout of and a bear trap for short-sellers, or the beginning of further weakness in the FAANGs + 5 Tech stocks that make up FNGU?
Keep an eye on the ROC and the zero level on Chart #1 below. It’s shown with an input value of 12 days (its default setting).
So far, only AAPL and TSLA’s ROC has dropped below zero. If the others follow suit in the coming days, we may see a big selloff occur in Tech, overall.
As development winds down on the new Slope site (since we’re almost ready to launch), I’m able to commit more hours to SlopeCharts again. Today’s improvement is simple but something I’ve been really wanting: keyboard shortcuts to toggle volume on/off and earnings on/off. ProphetCharts used to have this, and now SlopeCharts does do. Just press Ctrl-Spacebar to toggle volume on and off, and Ctrl-E to toggle earnings dates on and off. The video below shows the old way (slow) and the new way (instant).
The following monthly chart of the US Dollar (DX) contains three Andrew’s Pitchfork channels. The channel median apex for the two largest ones (pink and blue) sits at 90.00 and forms major channel support.
Price has been swirling around 90.00 since mid-January of this year. Recently, the DX has found support at the bottom of the smallest channel (green), which begins in March 2008. The momentum indicator has made a lower swing low, so it remains in downtrend on this timeframe and is still below the zero level, but has recently hooked upward.
