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.
The item below was apparently the top news story this morning in my local paper. I can see where this makes sense, though. Get into cryptos during the mania. Pour all your money into them. Get financially wiped out. Try to hold up a bank to recover your losses. Get caught. But……..you still have something in your digital wallet! Problem solved! Thanks, yer honor!
Last week, I opined a technical piece entitled, ” Momentum Divergences Flashing Warnings Signs for QQQ & FAANG Stocks,” which highlighted the near- and intermediate-term divergences that were and still are developing in the big-cap technology sector.
Today I follow up with a look under the hood and the technical set ups in Apple (AAPL) and Amazon (AMZN), the two largest components of the NDX-100 and QQQ.
AAPL has been perched above the upper boundary line (204.50) of its February-August bullish channel for almost two weeks, which, among other things, is a sign of excellent relative strength but also could be a sign of approaching upside exhaustion. That said, as long as AAPL remains above key near-term support from 205.20 down to 204.30, let’s consider its post-earnings action as a sign of excellent relative strength. (more…)
In spite of a rather wide audience – -and particularly in spite of my role as a professional polemicist – – I get very, very few unwelcome emails or tweets. On rare occasions, however, I do. Recently, for instance, I got this email in response to my suggestion of Overstock as an interesting short idea. I think this same guy has written me nettlesome missives in the past, but I make it a habit not to be rattled by anyone with a Yahoo account.
I’ve always had contempt for Overstock, particularly since their CEO seems obsessed with bear-bashing. I just wanted to present what OSTK has done since I got the aforementioned middle finger raised at me via an anonymous email.