It seems that “ride on Tesla’s coattails” didn’t turn out to be a great strategy. The sheer amount of carnage in the electric car space is a sight to behold.
Short-Circuited
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.
Ending The Ukraine War
Still Testing 3900
The rally from the first backtest of 3900 was over too fast to set up any possible possible divergence on the daily RSIs. That means that there are no possible daily RSI buy signals brewing on the US equity indices, and that is a strike in favor of the bears.
The inflection point here remains the same. The rally could resume from the important support in the 3900 area, or that area could fail into a retest of the 2022 lows.
(more…)Withering Heights
At this point, the chorus has become universal. “We’re oversold! The McClellan Oscillator has never been this low! We’ve been down seven days in a row!” And so on. One of the many headaches of a bear market is the endless yammering from the bulls about how This Is It and that We Have Bottomed. It’s really quite annoying. In recent days, these little lunges have taken place ceaselessly, although recently with far less verve.
