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.
Most analogs offered these days borrow price data from many years, or even decades, ago. I’d like to offer something more recent. I was wondering to myself what the last major dip in the market looked like just before it commenced. I noticed a sizable “stutter” to the market’s ascent in 2021, and I couldn’t help but notice we had exactly the same thing happen in April of this year.
Although the /ES and /NQ have been flipped from green to red all night long, the small caps, my biggest and most aggressive position, have been steadfastly red. As I type this, half an hour before the open, the /RTY is down almost a full percentage point (which qualifies for a “crash” these days).
I’ll come right out and say it: fortunes are going to be made when Nvidia enters its bear market. Of course, people have believed that for a long while, and all that time, fortunes have indeed been made – – but by bulls, not bears, the latter of whom have funded the ceaselessly growing riches of those long NVDA.
It will end, though, as all things do, and I’d like to offer up an analog in this regard. We all know that, for years now, Nvidia has done nothing but make lifetime highs every day, drawing in more and more people.
I put together an analog for Tesla (TSLA, if you honestly have to ask) which I think you might like. The stock is worth about one-third its peak value. I’ve tinted the chunks of the analog for the past several years. We’re in the “grey zone” right now, and the real question is how much of its past behavior will be repeated, which had pounded the stock down to nearly $100 in late 2022.
