This week has plenty of fireworks left.
Big Data Pending
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.
When’s the Meltdown?
Sam Altman’s “other” company, OKLO, seems to be setting the world on fire (figuratively speaking, of course). One has to wonder when this AI-fueled mania will end. C’mon, folks. It’s a nuclear power company.
These Broken Wings
Yep, time for another Told Ya So post. This one relates to a premium post from last month, Working Class Short, in which I suggested getting all bearish on Wingstop (WING). Here’s a snippet from that prescient post, in which I stated it was showing “signs of exhaustion” and that I was ‘anticipating a downturn“:
Fibonacci Fly Trap
Next Tuesday’s election (have you heard about it?) is going to move a lot of financial instruments, one of the most important being Tesla. If Trump wins, TSLA should fly. If Trump loses, it’ll get nuked. As it is now, it has found powerful resistance in the same place it has for the past 18 months: right at the trio of Fibonacci retracement levels, where it is stuck at roughly $260 for the foreseeable future.
Inflection Point Here On Crypto
I’ve been looking at the overall bull flag setup on Bitcoin (BTCUSD) for months now, and that has finally broken up and almost delivered a full retest of the all time high at 73,802.641 yesterday, though it fell just short.
My lean is that Bitcoin makes a new all time high soon and continues higher, but there is an alternative scenario, and we could see a hard reversal here instead.
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