This is rather exciting: yet another failure of a key trendline, this time for the high-yield bond fund.
Key Bond Break
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.
The Crucial Test of Banks
No, I’m not referring to the everyone-gets-an-A “test” the government pretends to give the banks. I’m talking about the banks ETF below. If we find support at the dashed line and rally, well, this fun bear slippage could be over, at least for a few days. On the other hand, if we violate this line, HUZZAH!
Ignored the ULTIMATE Sell Signal
On July 27, 2023, I was absolutely miserable. I had plenty of troubles going on in life, and the market had soared to yet another high. My portfolio was a wreck. Bulls were dancing in the streets. People were cancelling their subscriptions, which I bust my ass to acquire. I felt like shit. And then, just to add salt to the wound, THIS email tumbled into my inbox:
In case you can’t read this, it’s an email I get whenever someone cancels. I ask every person who cancels why they cancelled. In 100% of the prior cases, it was some version of “It’s not you, it’s me”, but in this case, here’s what the guy wrote……………and this is verbatim:
(more…)Broken Axle
Well, the break of the trendline yesterday did it for Tesla. Now it’s up to the Fibonacci levels to save the stock. There are three awaiting, and so far, the highest one has managed to hold the poor thing up.
Island Reversal
Hawaiian Electric has seen 22 years of price growth destroyed in no time at all, thanks, I suppose, to their obvious culpability is killing triple digits of people and countless real estate holdings.
