If Starbucks (SBUX) can fight its way back to its gap, it’ll be a super-short.
Brewing
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.
Below the Midline
Here is the Dow Utility ETF, symbol XLU, whose explosive rally over the past few months have put it just below the dashed line.
Worldwide Equity Resistance
Seems pretty clear to me:
Seven Semi Stroll
Since this is a semiconductor-obsessed day, let’s look at some that don’t rhyme with the phrase “get rid-i-a”.
Log Flume Ahead
It’s here. Nvidia day. You’d think Jesus himself was coming back, considering how much importance is being ascribed to the quarterly earnings announcement of what a few years ago was just an obscure maker of graphics cards for serious gamers. Ever since the /ES blasted to lifetime highs last Wednesday, we have been absolutely parked at these levels, since there’s nothing to drive this market (not even the surprising death of a major world leader from a belligerent country).
