Well, in a goes-up-every-day market like this, might as well offer a long idea. Here is the multi-decade view of BAX, which seems to have found support at a major trendline.
Ted Baxter Reporting
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.
Oh, Glow Up!
In the spirit of making SlopeTalk seem as “alive” as possible, we’ve added a feature in which the avatars of users have a circle around them to show how active they are on the page. Green is good ‘n’ fresh, yellow is fading, and if they’re red, it means, yeah, their page is open, but they haven’t touched it in a while. Please note I spent part of the weekend fleshing out the documentation, which you can see here. We are, of course, working every day on this product, tackling bugs and adding features. I appreciate everyone’s active participation and patience.
Two-Thirds Tesla
After almost perfecting hitting my $100 price target on TSLA, it has exploded 40% higher in a matter of just a couple of weeks. As I’ve stated before, my target for this bounce is about $158, and we’re getting closer by the day. Remember that earnings are just two days from now.
Just as TSLA hitting $100 was an important bottom for the market, I likewise think TSLA getting anywhere close to $160 will be an important top. The easiest outcome would be if, post-earnings, they goosed it to the target.
The Only Bearish Chart I Dislike
Yep, you guessed it. This is the value of my family’s principal residence. My net worth has gone down $3 million from this one asset over the course of three years. In other words, the value has been thrown back to 2015. Worse yet, anyone see a head & shoulders pattern? I sure do! I can only take comfort that we bought it in 1991 when it was half a million bucks, and there are countless poor bastards that paid the sickening values at the peak who actually HAVE lost millions (instead of just lacking millions that were never really there in the first place). Imagine having a mortgage bigger than the value of your house AND having to pay property taxes twice a year based on the inflated price you paid! Oh my gard.
(more…)Who New?
The face-punching of the beleaguered bears continues, as the bulls have been more-or-less running the show since June 16th of last year. More recently, since January 6th, it’s basically been a straight line up, and the NASDAQ roared above its 50% retracement level this morning.
