
The World in One Chart

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.

These days, it’s heartening to see any stock behave exactly how it’s supposed to behave with classic technical analysis.
I was reminded of this because of Klaviyo (KVYO) which lost about 33% of its value today. Amazingly, it’s an AI stock, but more importantly, it treated its right triangle top precisely as it should have: a retracement, then a plunge!

Well, I’m far away from my massive desk filled with huge screens and am now instead in the center seat seven miles above the Earth. I prefer my desk. I also prefer the market not making record highs every single day, but I’m powerless there as well. The Dow got well above 50,000 on an intraday basis, but at day’s end, it couldn’t quite cut the proverbial mustard.
