For those of you who actually believe the government’s laughable 3.1% inflation rate, I present to you the various predictions about what Tuesday morning’s super-important numbers are going to be.
The Big CPI Report Tomorrow
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.
Mara Had a Little Lame
My point here is a simple one: if a company like Marathon Holdings (symbol MARA) has one and only one purpose in life – – mining crypto – – and, during a day in which $BTC is up thousands of dollars to a lifetime high – – it is NOT a good sign that the stock is down! As the old saying goes, “If something is down, and it should be up, sell it!”
Non-Junk Alt-Coins
After trying to beat $70k and repeatedly failing, Bitcoin finally did the deed over the weekend and is now very safely into seventy-k territory. It has moved hundreds of percent higher over the past couple of years, and the question now is when the sellers will overwhelm the buyers. That’s the trick about lifetime highs: it’s pure musical chairs at this point.
Breaker Breaker
The wedge patterns below are doing what I was hoping during my ETF overview this weekend. Or, more precisely, the prices’ relationships with these patterns are. Let’s just agree, it’s a step in the right direction:
Biotech Symmetry (by LZ)
Nice symmetrical setup in biotech. Continuation or a bullish breakout? SPDR Biotech $XBI is currently a momentum leader, on par with broad tech funds at the moment.
