Amazon looks poised for more gains. And why not? Its P/E is a cheap 90!
Dick Pics be Damned
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.
The Keystone Stops
After the excitement of yesterday (if you want to call it that), it pays to reflect on where things stand with a couple of the major ETFs representing Dow stocks. Try though it might, the DIA actually failed to overcome its resistance line. I’ve tinted all prior attempts, including yesterday.
Grate Expectations
From Edmund Wells: I went to bed knowing last night – – absolutely certain – – that today would be better. Because, I gotta tell ya, Monday sucked out loud.
- The market exploded higher based on some made-up Chinese data;
- Internet went down thanks to Comcast;
- Then the power went out!
Indeed, the only good thing from yesterday, and I’m immensely proud of it, was the introduction of SlopeTiles, which absolutely rocks. Anyway, at least we don’t have any fresh bogus data to drive things higher, at least for the immediate moment. Today’s S&P 500 high eerily matched the extreme high of the left shoulder, both circled below.
(more…)Crypto Cruise
It looks like the crypto-crowd saw what equities did yesterday and decided to join the party. More precisely, about three weeks ago I pointed out that Bitcoin has seemed to stabilize and was in the process of completely an exceptionally clean saucer pattern. Having bottomed at about $3100, it kept slowly creeping higher, but it seemed to stall just about $4000. The buying pressure was finally released, and BTC has ripped almost 20% higher.
Introducing SlopeTiles
I am very pleased to announce the latest improvement to the Slope of Hope: specifically, a major upgrade in the presentation of SlopeRules. I call it SlopeTiles.
This came out because of my distaste for the search function in SlopeRules. Looking at the screen below, I think you’ll agree with me that it looks like unapologetic dog crap.
