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.
This is the monster earnings week, and the household names will be coming in fast and furious This morning, McDonald’s did their report, and the whole Eat-Quarter-Pounders-to-Lower-Your-Tax-Bills strategy isn’t working out so well. In the past twenty years, I’ve eaten there ONCE (out of desperation), and holy God in heaven it’s utter crap.
I had a vague sense that magazines were slowly losing ad sales, but I had no idea it was this dramatic. During the Internet bubble, one magazine – – I think maybe Wired? – – got absolutely HUGE, approaching 400 pages, because of all the ads. It was insane. These days, a strong breeze would blow a copy of Wired away.
After my post on Thursday there was a modest retracement on Crypto but there was no technical damage on Bitcoin (BTCUSD). That held the daily middle band perfectly on the last backtest and the obvious next target is a retest of the last high at 69.5k.
If Bitcoin continues higher from there, the larger bull flag that has broken up has a target at a retest of the all time high at 73,802.641.
(more…)Does the stock market seem “stuck” to you? It isn’t your imagination. For the past eleven months, the percentage of stocks above their 200-day moving average has been drifting between about 63% and 81%, never giving the bulls or the bears any clear ownership of the market. It takes real work to dig into the market and find meaningful opportunities in 2024!
