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.

Collapsing Strength

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I was already bored an hour into the trading day, so I started browsing around the SlopeCharts data panel and remembered I hadn’t looked at the Statistics panel in ages. how delighted I was to fire it up and see this:

The chart is of symbol $SPX200MA which is the percentage of stocks above their respective 200-day moving averages. It was trapped for AN ENTIRE YEAR (green tint) banging around, grinding around, and going nowhere. Now, at long last, it has let loose, showing how stock strength is crumbling under our feet.

Good.

Irrational Protuberance

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I must say, it’s heartening to see the entire quantum sector burst into flames based on a single off-the-cuff remark by Jen Shun Huang, but the most amusing to me by far is QSI, which I wrote about in some detail on December 30th. I have seen the AI-article-maker robots twist themselves into pretzels trying to explain the rise in this stock, since they couldn’t reach the true but insane conclusion that it went up just because it had the word “Quantum” in its company name. It any case, it has lost about 50% of its value in a matter of hours.

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