The company American Axle & Manufacturing (ticker symbol AXL) has been a long-time favorite of mine. It has one of the most amazing analog patterns I’ve ever seen, and it has crafted a steady series of lower lows and lower highs over a period of years. It’s down hard today, and I suspect the downtrend has many months to come.
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.
One of my favorite short positions right now is Cheesecake Factory. For those of you not acquainted with this superb dining establishment, here’s a sampling of their wares along with calorie counts:
Oh, you’re still not full? How about a slice of their fabled cheesecake?(more…)
In precisely eight weeks, polls will be closing and results are going to start trickling in for the most important election of our lifetimes. As I’ve said countless times, I want to avoid political discussion on my website (although some Slopers remain non-compliant). This post isn’t about politics. It’s about your personal prediction of the outcome and its immediate effect on the equity markets.
I have just two questions for you. One of them involves who you think will win. Now let me be very, very clear about this. This is not about who you WANT to win. It’s about who you THINK will win. As in, who would you bet money on winning?
Let’s say, as a purely hypothetical example that I, Tim Knight, thought Donald Trump was the worst President in history and that he should be killed on live television in front of his family. But let’s also say that I, Tim Knight, believed he was going to win the election bigly. In that instance, I would NOT vote based on my political beliefs, but instead on my prediction. I would click “Trump Landslide“. That would be my bet. Not my wish. My bet. Got it?(more…)
This morning, I was contemplating one of the hottest stocks in history, Tesla, and wondering if there was any way to anticipate its peak in this current move. What I came up with was surprising, and although I wouldn’t put unlimited amounts of faith in this projection, I at least wanted to share my scribbling.
My approach to this was pretty simple: I was focusing on the range established from major peaks (red circles) to their retracements (green circle). In particular, I wanted to calculate how much of a “burst” there would be out of its most recent range if it mimicked the burst that had taken place during the previous range.(more…)
Those of you who have read my work for any meaningful length of time probably know by now that I tend to think in metaphors, analogs, and allegories. Perhaps it goes with being a visual thinker.
The truth is, I think about Slope and the topics therein almost constantly. When I swim, I am incessantly tumbling over ideas related to Slope (not just its features, but also the subjects we discuss). Sometimes I’ll try to work my thoughts out on paper, as I did here recently, and have been doing for days:(more…)