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 Tesla Fibonacci sequence, anchored to June 3, 2019, continues to rule the roost. As TSLA has ground its way down to about half its December value, it has shown special respect for Fib levels. Most recently, when it bounced last week, my view was that the Fib pair would serve their job of resistance. Indeed they did, with the price peaking a mere 0.6% above the Fib last week. Today, it’s in down-mode again, as the World’s Worst CEO Decision continues to express its effects.
As most of you know, the Doge coin was created for a laugh, yet it inexplicably became worth billions. The DOGE department, in a way, was created for laughs, too, since the acronym was the same as the coin name, yet it’s become something quite serious.
In both instances, the reputation and value of these efforts have tracked one another: an enormous and rapid lift immediately following the election, followed by a relentless grind lower. I daresay the value, and reputation, of both, are about to cut to pre-election lows in the near future.
Until today, I wouldn’t have gone anywhere near anything related to quantum computing, because there was just too much heat around it. This morning, however, I was captivated by IonQ’s chart. I didn’t want to buy puts, because the volatility is sky-high, so I just made a good ol’ simple short-sale with a stop at 26.65.
Equities remain up, although not exactly on fire (about 0.4% across the board). Below are a few charts that don’t exactly seem to be exhibiting the kind of fire in the belly one might expect. I’ve gone ahead and bought a whole 1 put on APP, just for the hell of it.
Based on political events over the weekend, oil blasted higher immediately on Sunday, and it looked like it was going to be a moon shot (red circle) until it ran out of proverbial gas and has now settled into a gain of about 1%.
