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.
Surely you need no more convincing about how much the character of the market has changed, but allow me to use Tesla as another vehicle for illustration. Below we see Tesla’s behavior toward the latter portion of 2022. Nary an uptick in sight, and a steady, unrelenting wipeout, slicing through the Fibonacci levels with ease.
There are a lot of complex questions relating to the collapse of Silicon Valley Bank (SVB) that will go unanswered for years. Following the banks’ fall from grace, and causing perhaps one of the most frantic banking crises since 2008, investors and depositors, and even government committees remain puzzled over the legitimacy of America’s banking system and the future risks that could be bubbling underneath the surface.
Considering how these events unfolded over several months, which was a culmination of poor risk management, inadequate regulation, bulging interest rates over the last two years, and liquidity issues; novice investors could learn from these failures alongside their more seasoned peers.
(more…)Good morning, and I use that term reservedly. We come to the end of the Week From Hell, with today being an options expiration day. Everything is solid green across the board, and the only meaningful and logical resistance point is the next Fibonacci level on the /NQ, which would actually put us beneath the H&S setup from way back in 2021.
