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.
Anything that has to do with gluttony, fat, sugar, and instant gratification is doing great in the United States of Diabetes. Take a look at MCD or PEP if you don’t believe me. In sharp contrast to this, anything that has to do with athleticism or fitness is getting killed. May I present to you Peloton, which is down 97% since its peak:
Happy Wednesday, everyone. The next 48 hours are going to be awfully interesting, to say the least. First off, the European Manufacturing PMIs came out, and they don’t exact suggest boisterous global economic health. Here’s Germany, which just clocked in its three major disappointment in a row and is now in the shrinkage zone.
It seems that Nvidia has replaced Amazon, Apple, and Google as The Most Important Earnings Report in the World. Strangely, the company has for some reason elected to have its earnings announcement weeks after everyone else has already left the stage. The big event is, of course, Wednesday after the close.
At the end of last month, I did a despairing post called Totally Bullish, which hopefully for the wiser of you took as one of the greatest short-sale signals in human history. My post was sincere, however. I saw virtually no reason left anymore to be short anything. The charts were just too goddamned strong.
What a difference a few weeks has made. The Dow Industrials, one of the clearly strongest of all the markets, has puked all over itself. It topped out (pink tint), smashed through its former breakout level, and is now stuck beneath it. It seems that reality has finally, FINALLY, leaked into the brain-dead investing public and allowed some selling to take place, and as a chartist, I am just thrilled that these bullish setups have virtually all encountered their own ruination.
