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.
Microstrategy (MSTR), a former software company which has transformed itself into a Bitcoin holding company with sky-high premiums, has gone up over 1,000% over the past fifteen months. I wanted to point out a rather unusual island reversal pattern that has just taken place.
Like most cities in the United States, San Francisco is up to its neck in public “servants”, all of them vastly overpaid, underworked, and fiercely protected by public employee unions. For every 20 people in San Francisco, there is 1 employee of the City of San Francisco, which is a stunning ratio. Rest assured, these thousands of not-so-hard-working employees are deep into the six figures with respect to their salaries and benefits, but there’s one chap in particular I’d like to highlight: one Mr. Stanley Ellicott, who it was discovered in January had been charged with stealing expensive gear from San Francisco and selling them on eBay.
I have a longstanding fondness for the Dow Utilities, but I’ve been quiet about them lately. Let me dust off this topic and review a few key charts. First of all, the Dow 15 Utility Index ($UTIL) has proven itself over many decades to have a reliable habit of creating a potent topping pattern and then falling hard. Fake outs are rare, and tumbles are deep.
As a follow-up to last week’s post on William Sonoma, what was hot has simply become hotter.
I couldn’t help but notice that paint maker Sherwin Williams (SHW) had the same pattern that Home Depot, discussed in an earlier post today, had. Essentially it matched a prior lifetime high.
