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.
Here is the planetary representation I came up with called the Macrocosm. The larger the planet, the more positively relevant to gold mining macro fundamentals.
My FXI short is profitable, but I’m just adding more to it. The updated stop-loss price is 37.85:
Only a few days ago, I rolled my eyes at the white-hot Figma (FIG) IPO. Well, it didn’t take long for my eye-rolling to be proved true, as white-hot has turned blue-cold, with a 50% wipeout in just a couple of days. Congratulations, bagholders!
Just a quick post today to follow the progress of the possible H&S patterns forming on SPX and QQQ.
In my post on the morning of Wednesday 30th July I was looking at the pattern setups on SPX, QQQ and DIA and saying that these delivered a very nice setup for at least a short time high forming there.
In my post on the morning of Friday 1st August I was looking at the first real signs of weakness on the US equity indices since the April low after the strong breaks of the daily middle bands on DIA and IWM on Thursday, and saying that confirmation was needed with further breaks of the daily middle bands on SPX and QQQ.
In my post on Sunday 3rd August I was looking at the strong breaks of the daily middle bands on SPX and QQQ on Friday and the closes well below the 3sd daily lower bands on DIA and IWM. I proposed a rally early this week to backtest the daily middle bands on SPX and QQQ while setting up high quality H&S right shoulders on both.
(more…)As earnings season continues to wind down, the big event yesterday evening was Advanced Micro Devices, one of my larger short positions. This stock – – a well-established, multi-decade old company, remember – – had in the span of just three months more than doubled in price.
