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.
Early last year, I noticed something which I have never seen on any other chart before, which is a really magnificent application of the sine wave tool. In this instance, it seemed to follow the long-term path of natural gas beautifully, and it strongly suggested the commodity was in for a fall. Well, it did fall, and with a speed never seen before.
As I limp out of this week, one of my favorite positions continues to be Bank of Nova Scotia (BNS). Its chart is below, as are two other Canadian financial institutions which seem intriguing (long-term) on the short side.
If Elon can reduce Twitter’s workforce from 7,500 to 1,800 (a 76% cut!) and no one notices, that kind of proves the point. Many newer tech workers are a bunch of overpaid lay-abouts. Trust me, I know what these twenty-somethings expect to get paid for a 40 hour week, and it’s approaching a million bucks a year. They’re insane and in for a big surprise. Only the most extreme outliers are going to continue to merit that kind of payday.
Well, Good God, folks, the past 30 hours have been a neutron bomb for equity bears. EVERYTHING is raging higher, particularly tech stocks. I will mention, as an aside, that crypto (which normally is in completely lockstep, tick for tick, with equity assets) is down hard across the board. Just sayin’.
