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.

Amazon Puts Tesla on Notice

By -

Amazon just put Tesla on notice. Last month, Amazon announced a surprising new blockbuster acquisition: It’s buying Zoox – a self-driving car startup – for $1.2 billion.

Amazon’s surprising move got the full attention of Tesla CEO Elon Musk. Immediately after the deal, he jokingly called Amazon CEO Jeff Bezos a “copycat.”

Amazon acquired Zoox for its crown jewel: its top-shelf computer vision technology. Computer vision is one of today’s biggest moneymaking opportunities.

In short, cutting-edge computers can now “see” and process visual information better than a human can. This is a game-changing foundational technology in the same way the PC, smartphone, and internet were foundational technologies.

(more…)

Possible H&S Forming Here

By -

SPX didn’t quite reach the 3290 bull scenario target area that I was talking about last week but made a respectable 3280 or so before rejecting back into a retest of the established support and possible H&S neckline in the 3200 area. The SPX hourly RSI 14 sell signal reached the possible near miss target and an RSI 5 buy signal has now fixed.

Interestingly the high last week established a possible new rising wedge resistance trendline from the March lows, which is a development that I’m watching with interest, as the retracement since has broken rising wedge support and has put SPX into a possible topping process.

(more…)

Pharma Dharma

By -

Yesterday, the New York Times business section had an interesting story about how bio-pharm executives were dumping hundreds of millions of dollars of stock thanks to some well-worded press releases about Covid and “project Warp Speed” (eye roll). I decided to thumb through the SlopeCharts sector germane to this topic and pluck out nine charts I found interesting. Nothing fancy just…………interesting. Here they are.

slopechart BCLI
(more…)