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.
The jobs data just came out, and it seems like mildly bad news: the unemployment rate inched up to 4.2% (expected: 4.1%) and the hourly wages went up more than expected as well (suggesting inflation). In spite of this, equity futures got a quick bump, although as of this composition the /ES and /NQ are only up about one-tenth of a single percent. Meh.
Wow, check out the perfect head and shoulders top on UBER! These guys vaulted to a lifetime high on 10/11, the day after Elon’s “We Robot” event, but they’ve already lost 25% since then. This topping pattern makes their near-term future look even worse.
