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.

Wobbly Tech

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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).

slopechart NDX