This is remarkable. Johnson & Johnson, for decades the most consistently “never goes down” stock out there, has busted its trendline and has clearly moved into a downtrend.
Tiny Johnson
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.
Do Your Worst!
OK, folks, let’s try this again.
By way of background, the Slope of Hope has had a long-time issue in which, on occasions, comments would get eaten. For some folks, this never happened. For others (I’m looking at you, IndyZ) it was a constant.
We have probably poured more time and money into fighting this bug than any feature on the entire site. So, with a nervous twitch, I will ask you all to jump up and down on comments, either via classic comments or in SlopeTalk. Please let me know if it’s better or not. Here’s hoping it’s the former!
Please note to hit Ctrl-F5 in your browser when you go to whatever page you decide to use, just to make sure you have the latest version.
The Goose Got Cooked
Ya know, maybe I should return to my crypto trading account. I’m good at these charts, but I’m not making money at it.
Only yesterday did I write More Sauce for the Goose, which noted the important failure of Bitcoin’s trendline. Not even one full day later, we have this:
PREMIUM: Liquidity Look-See
Note: This post is special enough to be labeled a premium post, which means that it is (with the exception of the paragraph you are reading now) visible only to Gold and Platinum subscribers. If you would like to try a risk-free subscription to get immediate access to all premium content, as well as the dozens of other features exclusive for paid accounts, click here to explore the choices. Everyone is welcome to continue chatting in comments below (or, for a more free-flowing experience, please use SlopeTalk).
Click here for a special 99 cents offer to try Gold out super-cheap! Unless you’ve got something else really important to do with that ninety-nine cents, like buying a small pack of chewing gum.
Gold Stock Correction Hits Target #1
The gold stock correction has been in play since GDX/HUI doubled topped in April-May
Gold Stock Correction From a Seasonal View
We begin this article, which updates the gold stock correction, as a platform for providing information requested by two NFTRH subscribers. Below are the recent seasonal tendencies for GDX. I’ve elected to use only the years from 2018 to current in order to keep the graph clean and to show that 2023 is shaping up per the norm in the post-pandemic era.
- Years 2019 and 2020 are actually outliers, even beyond the scope of this chart’s historical limit (2018). Pre-2018 featured trends more like the norm shown below.
- Years 2018, 2021, 2022 and thus far 2023 are more per the norm.
- If that norm plays out in 2023 (orange line) the gold stock sector will bottom in September.
