Well, I’m going to tread lightly on this one. The news came out shortly after the closing bell:
Removing His Huge Package
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.
So Is It Finally DEAD?
First off, a standing ovation for the boys over at WallStreetBets. The reverse indicator is still rock solid. At least the Bozo who did this is self-aware enough to know he was about to get ruined.
Un, Deux, Trois
OK, the earnings tidal wave continues. I mentioned here on Slope, and on my show, that the one I felt was “most vulnerable” was Alphabet. So far, I seem to have hit the nail on the head.
Tuesday’s Tech Trio
This is one of the biggest earnings days of the quarter. There are three mega-cap technology companies reporting. First there is AMD, which is near lifetime highs and is sporting the oh-so-reasonable P/E ratio of 1,402.
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Could This Be It?
This market will never fall as long as semiconductor companies keep printing lifetime highs every day. Thus, it’s important to keep a close eye on such beasts as NVDA, AMD, INTC, and, shown below, SMCI. They reported last night to tremendous effective, with the stock blasting higher than it had ever been before. What’s interesting to me is that the stock peaked at $570 after hours and has been slipping all day long. It might even close below $500 today (possibly……..) if this keeps up.
