
Summer Starts Bar

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.

Good news, crypto fans! Both the SlopeAlerts system and the Chart-Based Alerts include support for cryptocurrencies now! This means that, 24 hours a day, 7 days a week, we can monitor for any rules you have established for any particular crypto and let you know via email or text about any conditions which have been triggered. I’ve noticed some major crypto brokerages don’t even offer alerts anymore, so this is welcome news for some of you.

My favorite sector for shorts remains energy, which has been scorching hot for eight months now. Here are six individual energy-related stocks I’d like to offer for your consideration:

Although the crypto space bounced mightily this week, following the vicious weekend sell-off, the charts are still telling the story ahead of time: there is a steel-reinforced wall of resistance. You can see this even in my two favorite charts, since you simply have to take note of the overhead supply I have tinted:

When gold stock bulls complain about a “smack down”, a “hit” or a “smash” against the poor gold stock sector what they should be thinking about is what a relatively small market the gold stock universe is compared to the multitude of galaxies populated by cyclical and risk on stocks and commodities and the massive bond market. The gold stock sector’s noise to trading volume ratio must be far and away the biggest bull market on the planet (I know because I am part of it :-)).
And once in a while the sector actually warrants all that noise. Like in 2001 when markets were beginning a bear phase and economies were faltering. Like in Q4, 2008 when gold stocks were crashing to unwind previous inflationary excesses, leading stocks and commodities into a terrible crash and rebounding first. Like in March of 2020 when the miners crashed and ‘V’ bottomed to lead what is to this day an ongoing economic recovery born of the inflation that gold and gold stocks first sniffed out.
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