Energy is a sector which I believe has a terrific future – – for the bears. Below are three favorites (COP, HAL, and SLB) which are getting close to intriguing levels of resistance.
Another Bite at Energy
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 Mystery Rocket
Over the weekend, I looked at over 1,000 stock charts, and a surprising number of them had undergone an interesting phenomenon: specifically, the stock in question (and there were plenty of them) had years and years of being range-bound and meandering higher and lower.
ADM and its H&S
This is just a good example of a classic pattern in action. The tinted area below could be considered either a right triangle top or, my preference, a head and shoulders top. Archer Daniels Midland (ADM) is presently in a freefall; something about its CFO doing something naughty or something.
Politics Flows into Finance
Remember DWAC and PHUN? Those were tickers that, back in the day, were quite frisky due to the new social media platform Truth Social. Well, now that it seems like the front-runner for the 2024 Presidential election is pretty much a lock, these tickers have sprung to life again, sort of like an obscure proxy for the candidate. Below is Digital World Acquisition DWAC, which blasted higher on huge volume after the Iowa caucus results.
Samson Mowed Over
I’m not sure what it is about me, but it really, really bothers me when people spew absolute crap just to get attention. I’m weird that way. Take Samson Mow (please!) who apparently is staking his entire future on crypto. When the ETFs were risibly introduced just days ago, he spouted off that BTC would be a million bucks in a matter of “days or weeks“. Well, BTC better flip around fast and go up by 25-fold in a big hurry, or else Samson Mow is going to look like a total asshole.
