Grimes, Elon Musk, and their son X AE A-XII in Starbase, Texas (photo tweeted by Musk).
(more…)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.
Semi-Flip
Today could have been dubbed “Revenge of the Bulls” (as if they NEEDED such a thing after the past thirteen years). In any case, every asset blasted higher. Let’s look at some key ETFs to see what’s what.
I am still holding out hope for the NASDAQ to respect its head and shoulders pattern. Some of you think I’ve lost my marbles (I’m looking at your, TXTine!) and maybe I have. Let’s see if that neckline holds or not.
Precious
Precious metals and miners are bouncing from their sustained weakness, but I think it won’t last. Below I’ve tinted in yellow the most I think these items will go higher, and I’m not even so sure it’ll get that far.
Repellant
It’s a big “bounce” day in stocks, particularly tech issues. Below are five charts that are all up, but are approaching important points of resistance (either horizontals or price gaps). These may be intriguing short opportunities as the price pushes up against these resistance points.
The Kids Are Alright
I thought the whole Gamestop (GME) freak show was going to be just an interesting footnote in financial history, but this zombie simply will not die. Having fallen from $513 back to $40, and lingering there on almost no volume, the entire “short squeeze by the masses” meme has gone back in full force, and GME has gone roaring from $38.50 to over five times that amount in just a couple of weeks!
