Here’s an illustration of how loyal people are to their cars, based on brand. You’ll take my Tesla from my cold, dead hands! Polestar? Meh, take it.
My Mother, the Car
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.
Index Review
We have a big week ahead, between NVDA on Wednesday and Jackson Hole on Friday, so let’s look at the index charts as of Friday’s close.
The NASDAQ Composite did two important things recently: first, it did NOT challenge its lifetime high, even at its strongest, and second, it DID establish a new price gap, which will be an important resistance point.
Semis and Nvidia
On Wednesday afternoon, NVDA will issue their earnings report. This should be a market-mover (as well as Warsh’s Friday morning Jackson Hole speech), so let’s take a quick look at the semi space.
The semiconductor index is still bearishly configured, in spite of pushing somewhat into its pink reversal pattern. The target is to tag the lower trendline which constitutes that ascending price channel.
Key ETF Charts
After a mildly tumultuous week, let’s look at some key exchange traded funds.
First up is the Dow 30, which has two interesting features: first, it broken its ascending trendline for the first time ever, causing it some much-needed damage, and second, it created a price gap between Wednesday and Thursday which presently represents important resistance.
Birthday Dinner
Just some photos from a dinner we had at a 3-star Michelin restaurant in San Francisco named Sons & Daughters:
