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.
Well, I just finished going through 32 different index charts, and I’ve got to say, it cheered me up quite a bit. I wanted to show you some select charts which I think are worth a glance.
The first one is the NASDAQ volatility ($VXN) which I think we can agree has been absolutely smushed back down to its basing pattern. In other words, the froth has been completely blown off the top of this beer mug. Fear has exited stage right.
This won’t mean much to most of you, but to a few of you, it’ll be cool news – – for a while, our historical data has been surprisingly limited. The NASDAQ ETF (symbol QQQ) is a great example. Until yesterday, it only went back a decade. You will now find that our equities go back WAY farther now (QQQ is shown below, with its entire history since it was invented). Just sayin’!
Incidentally, if you missed my “Make a Wish” post, please be sure to read it.
Out of the over 30,000 posts I’ve written on Slope, I don’t think I’ve ever mentioned my mother was a witch. I don’t mean she was mean, in the “what a witch!” sense. I’m talking magical, supernatural powers witch. At least she had me convinced of it, as well as most of our neighbors.
They’re squeezing the bejesus out of Tesla (TSLA) right now. I’m not sure if there is specific news except for Elon’s pledge to “super-size” the company. Take note that TSLA has gone up 33% in the span of a couple of weeks.