I’ll be the first to admit, I would never have guessed that one of the steadiest performers of the year would be an anonymous gay sex app.
Grinding Ever-Higher
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.
Jensen Tempting Fate
The NVDA top is almost complete!
Tesla Target Reached
The measured move for the inverted head and shoulders has been achieved. Anything beyond here is gravy (and risky).
Sticking with Brazil
I’m so conservative these days that even March puts (which expire in 95 days) are feeling a bit too close for comfort, so I’ve taken profits in WING (78% gain) and LUMN (48% gain). I have archived these positions in our Options Chart product.
Support Breaks on US Indices
In my last post on Wednesday I was looking at the move up from Tuesday afternoon’s low and noting that the almost complete absence of participation on DIA and IWM was a serious concern, as on a pullback on the tech-led rally, we might then see significant support breaks on Dow and Russell stocks.
At the same time the new inflation figures landed and, not to beat around the bush, they sucked, with a 0.2% rise in inflation led by food prices. The consensus seems to be that the Fed will cut rates this month anyway, but I’m doubtful about that, and regardless of that, the rally in bonds seems to have failed to reach the obvious targets and to be resuming the larger downtrend, so in practical terms interest rates, as delivered in bond yields, are already back on an upward path.
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