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.
Although the /ES and /NQ have been flipped from green to red all night long, the small caps, my biggest and most aggressive position, have been steadfastly red. As I type this, half an hour before the open, the /RTY is down almost a full percentage point (which qualifies for a “crash” these days).
I’ll come right out and say it: fortunes are going to be made when Nvidia enters its bear market. Of course, people have believed that for a long while, and all that time, fortunes have indeed been made – – but by bulls, not bears, the latter of whom have funded the ceaselessly growing riches of those long NVDA.
It will end, though, as all things do, and I’d like to offer up an analog in this regard. We all know that, for years now, Nvidia has done nothing but make lifetime highs every day, drawing in more and more people.
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.
