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.
Perhaps you remember the post I did about Chemours a few months ago, which highlighted the fact that the company had profited handsomely from poisoning the public for decades (sort of Brian Thompson level of ethics, but larger scale). Turns out they are feeling some serious heat from the most unlikely of parties: a conservative attorney general from a very red state!
AXON makes a great chart. Starting with the Quarterly, to illustrate its weight in the fact that price has respected the blue channel since 2008. Price coming down off the top of that long term channel, as it is now, could portend a timely trade.
The last economic data points of the week have come out, and they have stagflation written all over them. The first is the PPI, which came in TWICE as hot as it was predicted. You may also note the cute little gold-colored caret next to the prior month’s data point. That’s a “revision“, otherwise known as the government quietly admitting it lied about the prior data point, which is now, of course, higher.
In my post yesterday I was saying that I was expecting SPX to make a low above the 6026 level and the low yesterday was at 6029.89. I was expecting this to be a bullish consolidation and the low established a perfect bull flag channel which broke up with a target at a retest of the all time high at 6099.97. SPX is most of the way to that target.
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