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.
Just as I was obsessed with the price level of 1706 on Ethereum (which turned out to be awfully important), so too have I been watching the horizontal on $ETH which constitutes a powerful bullish pattern. It was quite interesting this weekend that, yes, it did break above that level with a touch of drama, but it virtually instantly reversed.
In my never-ending question to alienate everyone, I’ve occasionally ticked off a Sloper or two by castigating the marijuana sector. This was, of course, a red-hot investing space a few years ago (top-ticked by James Altucher hopping on the bandwagon), but it has clearly fallen out of favor.
I was reminded of this today by the fact that the ticker symbol MAPS was at a lifetime low. It turns out this is yet another SPAC disaster in the form of a company called WeedMaps.
I can’t remember a time in my life when there seemed to be such universal agreement that:
Even the most wild-eyed bears have fixated on 4,400 on the S&P 500 as their target, which is well more than 10% above current price levels. As I mentioned in my posts last night, even former permabear (and I do mean permabear, as in since its inception in February 2009) ZeroHedge has fully joined the buy-equities-now bandwagon.
As for me, as you might guess, I’m not quite in that party. To be sure, I don’t feel like the kid in a candy store that I have at times earlier this year, but when I look at the /NQ futures, what I see is a market which can easily be argued to have burned off its oversold condition, even now:
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