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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.
Hard Knocks
Over the last few days SPX has been retracing and is approaching the first big support level. That is the daily middle band, which closed yesterday at 4312, with the low yesterday at 4328. That is a target that may be reached today.
SPX daily BBs chart:
There Goes Your Ride
During the insanity of the Covid-19 mania, almost every garbage stock out there did fantastic. One such stock was Lordstown Motors, which was one of many Tesla wanna-be electric car manufacturers.
Summertime Blues
In Louisiana, where I grew up, the local weatherman was pretty much a celebrity. Why would that be? Because he was important, all year long. The weather changed a lot, and during hurricane season, it was particularly important to stay on top of the weather. Indeed, as a kid, one of my favorite things to do was to track, on graph paper, the various storms and hurricanes as they moved toward us. It was the first sign that I like drawings which showed dynamic change. I could longitude and latitude the hell out of that paper.
Here in Palo Alto, it’s a different story. I offer to you Exhibit A:
