The ETF for the consumer discretionary sector broke its trendline ages ago, but as of yesterday, it perfectly tagged the underside of the now-broken trendline and should treat it as resistance henceforth.
Major Trendline Resistance
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.
Playing with Fire
The risks of chasing hot stocks can be illustrated with this morning’s Exhibit A, which is Xilinx. This is one of those company which I have no idea what it does, but it has a name like a Hollywood film would give to some made-up Silicon Valley corporation as a villain. Anyway:
But What Do I Do?
This short video is a kick (particularly since it was filmed right in my beloved Palo Alto). It shows a Tesla driving itself totally unaided. I continue to have ZERO interest in this, because I actually like driving, and – – just look at the poor sumbitch sitting in the seat – – he’s STILL sitting there staring ahead, relieved only of placing his hands on the steering wheel. What a bore! Anyway, this is definitely a major game-changing technology:
Behind the Scenes
This is great fun for any Trek fans out there; my favorite bit is William Shatner’s Doberman circling the set, protecting his master.
The SPX All Time High Retest
At the end of every year Stan and I do a public webinar where we look at the more likely options for price moves on indices, bonds, forex, metals, energies and other commodities over the coming year. At the one we recorded on 30th December 2018 we were asked a question as to what could invalidate the scenario that SPX was in an ongoing bear market and I gave the reply below talking about the important resistance at the monthly middle band in an ongoing market.
Excerpt from 2019 Outlook public webinar recorded 30th December 2018 looking at the SPX monthly middle band in bear markets. :
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