Nvidia has stalled. There’s no doubt about it. Go back twelve trading sessions, and we’re at the same price. Three weeks of just grinding around.
![](https://slopeofhope.com/wp-content/uploads/2023/07/slopechart_NVDA-640x344.jpg)
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.
Nvidia has stalled. There’s no doubt about it. Go back twelve trading sessions, and we’re at the same price. Three weeks of just grinding around.
The United States has spent decades buying up way more goods than it sells to the rest of the world, but this chart really makes that clear. At this point, the only things left that the U.S. actually manufacturers is litigation and pornography, so it’s no surprise we’re in the position we’ve found ourselves.
Oh, for cryin’ out loud……….
I’ve written about Tupperware (TUP) countless times, but I thought this thing and its horse were last seen fading off in the horizon. That was true until a couple of weeks ago, when the meme crowd, having lost their latest pipe dream of Bed Bath & Beyond, turned their attention to TUP, of all things, and pushed its volume up ONE HUNDRED FOLD and pushed its price up HUNDREDS of percent in just a few days.
Last weeks two brutal punches in the face were all the time between Wednesday’s close and Thursday’s open: RCL (Royal Caribbean) and META (basically Facebook). Having licked my wounds, I’m back into them both, with META being re-entered this morning. This chart, to my eyes, is simply irresistible.
Well, another completely red Sunday night session has magically turned green, which echos what I concluded from Sunday’s Totally Bullish post. Nothing tells the story of the past year quite like the weekly VIX chart, which is basically a giant semi-circle, taking us from 13 to nearly 40 and then back down again. If you stand back far enough, it’s like a gigantic bearish frown.