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.
As eager as I am for a big ol’ honkin’ bear market, I’ve got to hand one thing to the permabulls: the moving averages are all screaming “steady as she goes“. If this market ever does truly break, this laggig indicators are going to let folks know the news after it’s way too late.
Almost all the excitement in the upcoming week is going to be within the span of just a few hours.
The Dow Transportation Index is the same value now as it was over three years ago. How many indexes can you say that about? More importantly, the shape of the pattern looks incredibly weak. My hope here is that the Trannies are instrumental in grabbing the market by its scrawny neck and dragging the whole thing down.
One of the most bizarre beneficiaries of the AI Fad has been the most boring sector on the planet, the Dow Utilities. The elevator pitch was simple; all those NVDA chips are going to need a lot of electricity to power them, so you better buy the companies that sell power. It worked for many months, but I think people are starting to realize they’ve been suckered. A severe fall to that trendline is totally plausible.
Please listen to this, from our beloved Alan Watts. I found it remarkable.
