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.

Tech Xmas Rally In Store?

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I last wrote about the FAANG stocks in my post of November 4.

It looks like FNGU did bite back and reached its next Fibonacci Retracement resistance level at 47.34. In fact it hit a high of 48.90 last week before closing at 47.72, as shown on the following weekly chart.

The Balance of Power has shifted from buyers to sellers last week from the prior week. It will be important for price to rally and hold above 48.90 to reverse this shift in sentiment.