Below is Nabors Industries (NBR) which looks primed to fall from its most recent topping pattern, as it did the last time.
Howdy, Nabor!
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.
Pravda, Nyet!
Here’s a stock that’s been in the news a lot this week. I’ll simply point out that over the past six months it has lost about 80% of its value. Its trajectory for the next eight weeks will be……….intriguing.
Recovery Bar
Forgiving the Pennies
Looks like my long-predicted gap closure for Tesla (TSLA) came true with pennies to spare. This may well be the peak for the balance of 2024. Don’t get me wrong, the company could have a fantastic future, and I stand by my multi-year postulate that ultimately it might be the most valuable company on the planet. For now, however, I’d say the thrill is gone.
One Country Worked Out
On Monday, well in advance of this week’s absolutely insanity, I suggested going short Brazil by way of EWZ. I’m pleased to say, in spite of all the lifetime highs everywhere we look, this worked out great.
