Even though the NASDAQ Composite dipped about 1.3% on Tuesday, the fact is that day after day, week after week, and month after month, this thing is gliding up a silky-smooth highway of exponential moving averages without showing the slightest sign of sweat. Not a single crossover. And barely even an instance of being below the middle moving average, let along being in the same ZIP code as the slowest moving average. It’s looking tired, yes, but the moving averages aren’t suggesting squat yet (although, let’s face it, these are some pretty slow-moving indicators).(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.
Tesla (TSLA) has had a couple of very wild days. On a cash-session basis, Tuesday’s lows were actually lower than Monday’s lows. It trimmed about $50 off its big gap-up Monday gains.(more…)
First days on the market are a bit like New Year’s Resolutions – – the action just doesn’t last. So after yesterday’s insane pop higher, the clunkers from 2021 have, after a mere day, resumed their clunky ways. I offer you these examples:(more…)
Last year, it seems no portfolio manager got more television time, more press, and more adulation than Cathie Wood. One can speculate as to the reason. I’ll hold my own tongue on this matter. But we can all agree that God knows it wasn’t because of her amazing performance. In a year when everything skyrocketed to nauseating highs, Cathie’s momentum-obsessed investing style was a dud. And here we are, on this very day, in which lifetime highs were again achieved, and down she goes.(more…)