Until AI Takes Them Over…
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.
Four Beautiful Topping Patterns
In my post on 6th May I was looking at the resistance trendline on the SPX weekly chart and that rising trendline was being close to being hit in the 7385 to 7400 area. It was then hit and exceeded in what might have been a bearish overthrow, but I had by then also drawn in an alternate high quality resistance trendline that was hit perfectly at the high on Friday. SPX could go a bit higher, but the ideal upside trendline target has been hit. Look at the chart below and admire this beautiful rising megaphone from the 2022 low. 🙂
SPX daily chart:
Post-NVDA Hangover
Four times a year, we all gather around our screens and await the deployment of the latest Nvidia quarterly report. Today was no exception, and although the immediate reaction to the earnings was extremely blase, as the evening wore on the stock took on a small loss.
Nvidia’s Nonevent News
Well, the conference call might move things, but as of now, the net change is about as dynamic as you’d find on any Saturday. The losers? Options buyers. The winners? Those that sold ’em puts and calls!
