I am surprised I’ve never looked at Wayfair before, but it was hiding in my Secondary watch list. The symbol is W and although it has fallen quite a lot already, it is at the cusp of breaking below a fantastically well-formed topping pattern.(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.
Morning Wood Update
The 4th Victory
I made four specific predictions about Tesla (TSLA). A quick search of even just the number “910” in the Slope of Hope search field will reveal some of them. The first three predictions came true with remarkable precision, as I enumerated in this back-patting post back on November 15th. The 4th one was pending. Specifically, a prediction that the stock would fall until its price gap at $910. Here’s one mention of that price target.(more…)
Happy New Week, everyone. Although the values of futures pre-market have become rather meaningless lately, I’ll mention as of this composition that the ES and RTY are green and the NQ is red. Nothing dramatic is happening, and the only scheduled event of any consequence this week is the CPI report pre-market on Friday.
So the ES is indeed green, but for the past week, the market has been following a series of lower lows and lower highs. More importantly, it also completed a tidy little topping pattern which also just happens to be constructed beneath a broken uptrend. In other words, things are looking fairly well-positioned for the bears, in spite of these daily little exercises in green-i-tude from our bullish friends.(more…)