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.
Shame on me. Starbucks (SBUX) was an amazing setup. Added to which, I think their product is swill, and out of the past 1,000 coffee beverages I have purchased, MAYBE one of them was from this McDonald’s of coffee vendors. It’s just a bunch of fat and sugar-based beverages for Americans to guzzle down in a desperate attempt to feel happy for a moment or two, only to make themselves even fatter than they were before they lumbered inside.
One would figure the nation’s biggest pharmacy would be a safe, conservative investment. Nope. CVS has lost about HALF its value in just two years. From a charting perspective, it’s been behaving beautifully, because its breakout/support (blue line) turned into resistance (see red arrow), and now we’ve taken a hard fall to very long-term support (green trendline).
As stupid as I think crypto is (except inasmuch as it services the gambling addictions of a certain subset of humans), I do delight in the fact that it is the most chart-friendly market in the world. Why? Because it’s a REAL MARKET. Thus, I was able to declare clearly what a support failure would do. Thus, when support failed, it worked precisely AS GOD INTENDED.
SMCI with one of the great gap-closing shorts in human history. LOTS more downside from here. Double digits possible by 2026.
Good morning. First off, I’m aware that the comments system is offline. The numb-nuts at our hosting provider scan the site 24/7 and believed they saw “malware”, so they shut it down. This is probably a nothing-burger, but we’re on the case. In the meanwhile, let’s at least grin at the fact that crypto has cracked critical support.
