A Sloper mentioned a stock I actually stopped thinking about, Netflix (NFLX). I took a look, and the stock has almost perfectly sealed a price gap from eons ago. I’d say this sucker is toast.
![](https://slopeofhope.com/wp-content/uploads/2024/01/nflx-640x604.png)
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.
A couple of days ago, I mentioned three specific bank stocks as short ideas. So far, so good, across the board:
The annual Consumer Electronics Show is going on in Las Vegas, and there’s no particular announcement I found worth reporting. I will say, however, based on a prominently featured product in one of the articles I read, it seems humanity must be pretty much out of good ideas.
In case you can’t read the caption, it notes that this mirror “identifies your mood” and “gives daily affirmations to make you feel better.” Take my money!
Trading has started on a dozen Bitcoin-based ETFs, and the crypto world has become nauseatingly giddy and, in most cases, sanctimonious. BTC is trading roughly where it was when the fake announcement went out on Tuesday and, as before, we are rammed right up against the tippity-top of the rainbow.
Incredibly, the market was allowed to go into the red for a full hour. The Russell 2000 futures have plunged, once again, to their major Fibonacci support level. This happened last week, on Friday morning, after which our friends in D.C. made sure the market did nothing but rip higher.