This is another big earnings day, although the cool stuff like MSFT and AMD isn’t until this afternoon. For now, we’ll have to content ourselves with soap maker Procter & Gamble, whose stock basically hasn’t had a downtick since the autumn of 1980.
(more…)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.
Solana Breaking Towards 2024 High
I called a possible swing low on cryptos on 5th July, and that’s been progressing as expected so far, and BTCUSD (Bitcoin) is now getting very close to bull flag resistance.
Bear flag resistance on Bitcoin is in the 70,600 area, and that is now getting very close. If that breaks then the flag target will be a retest of the all time high at 73.8k. Bitcoin has come off the daily upper band ride, and I am wondering about a possible backtest into the daily middle band, now in the 64,444 area, supported by the monthly pivot at 64,358, and with the 50dma not far below now at 63,371.
(more…)Churn & Burn
As after-hours earnings illustrate, the semiconductor space continues to deteriorate.
(more…)Believe You Me
This is a good investment.
(more…)The Post-Zoom Reality
One of the biggest ABC (Accidental Beneficiaries of Covid) stocks was Zoom Video (ZM). Since its peak, virtually the entire value of the company has been destroyed.
(more…)