As just about every asset in existence has spent 2021 making daily lifetime highs – – be it lumber, Ethereum, Google, Bitcoin, or anything else you can name – – tech stocks have recently been losing their steam. For example, below is the NASDAQ 100, paired with tacoflyer’s moving average trio, and you can see how over the past three weeks we’ve basically stalled out. I would also note the shortest-term moving average has done a U-turn and is threatening a cross-under of the middle moving average. (These tend to be lagging indicators, just like all indicators are, so waiting for the crossover may be prudent, but it also means a good chunk of the move is probably over).(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.
For the entirety of last week, as well as today, the market has seemed exceptionally boring and dull. I was wondering if it was my imagination, but one glance at the SPY will confirm it. Here, for instance, is what the market was doing about a month ago.(more…)
The space tourism fantasy, encapsulated in Virgin Galactic, continues to implode like an experimental rocket by Wernher von Braun. It has lost nearly 70% from its peak.(more…)
Although the crypto universe continues to fly higher, with Ethereum in particular roaring to new highs practically every day……….(more…)