From early April through early August, Nvidia stomped its way relentlessly higher, more than doubling in price and curb-stomping anyone who dare got in its way.
One Stock to Rule Them All
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.
No Yen for the Dollar
In spite of Japan’s monstrous demographic problems (e.g. everyone is getting old and retiring and the young people aren’t reproducing since, I dunno, the lure of anime or something) their currency, the Yen, seems to be holding its own. Indeed, the chart of the USD/JPY seems to be hammering out its third major top on this long-term chart, suggesting that the currency of ‘mericuh is going to be pummeled by the rising sun’s.
Getting Schooled
Joby Wobbly?
I mean, first, let’s be honest, I think we’d ALL love to have one of these cool flying cars:
Perfect Resistance Trendlines Hit
In my post on Tuesday 5th August I was looking at the modest breaks back over the daily middle bands on SPX and QQQ on the previous day and noting that conversion of those to support would open possible all time high retests, and hard fails there would strongly support the H&S patterns forming on both.
In my post on Thursday 7th August I was saying the same about the second breaks on SPX and QQQ above those daily middle bands on Wednesday and looking at the three strong resistance trendlines on SPX, QQQ and DIA in the event that SPX and QQQ delivered those all time high retests.
In my post on Wednesday 13th August I added a fourth target trendline on IWM and noted a short term inflection point as we waited to see whether DIA would confirm the break back over the daily middle band on Tuesday. That resolved into a strong break higher on DIA.
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