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.
I last wrote about the FAANGs and FNGU and what I was monitoring going forward in my post of July 30.
Since then, we’ve seen a great decline in the underlying stocks, as can be seen on the following two daily charts (a 1-year and a 2-month).
Of particular note, is that:
- many of them, are attempting to stabilize around their 20 MA (blue)
- the rate-of-change (ROC) indicator on all of these, including the SPX, except TSLA and TWTR are below the zero level
- the 20 MA is below the 50 MA, including AAPL which just crossed below
- the 20 MA is poised to cross back above the 50 MA on TSLA and TWTR
Well, I was ready to head home, but the darlings at Southwest cancelled a ton of flights, so I am driving allllllllllll the way up the great state of California. Thanks, Southwest! I’ve been having heavy duty blogger’s guilt (mercifully, it is Sunday), but I wanted to at least explain where I’ve been. And I’m about 60% of the way there, currently in the Central Valley where the smell of cowshit saturates the air.