Although the bond market has been falling for 30 months (!!!!!!) it still keeps slipping.
![](https://slopeofhope.com/wp-content/uploads/2022/12/ZBZB-1-640x398.png)
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I am highly confident that sometime in the next three weeks (perhaps quite soon) AAPL is going to breach key support and throw fresh gasoline on the tech stock meltdown. I’ve got my SlopeAlert all set and waiting to let me know.
At the risk of pissing everyone off, I have acquired January 20 $125 calls on TSLA, since I think it’s absolutely had the stuffing beaten out of it for the time being. I do think some of the apocalyptic price targets going around could come true (I think it could get down to about $30), but for the moment, I’m looking for a frantic bounce. We’ll see if this bear can manage to do something bullish successfully.
UPDATE: Forget it. I couldn’t do it. I know this thing has been pounded into the dirt, but I’m not sure what came over me. I got out at a small loss and am pure bear again. We now return you to your regularly scheduled one-track-mindedness.
Good morning, everyone, as we slumber toward the last pre-Christmas trading day. The big economic report (and the LAST one of the year) came through with the PCE at the expected 0.2. The market isn’t quite sure what to do with this boring tidbit of data.