I’ve pretty much hung up on the towel on energy shorts (2023 represents a locker room full of hanging towels, actually). Oil, represented below by way of USO, has clearly broken above its right triangle.
Oily Muscles
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.
Battery Pack
I see Rivian vehicles every day, both in the form of cool-looking trucks as well as shiny new Amazon vans. I’ve always thought they looked sharp, and Tesla has quite clearly turned its back on this entire sector. As a chartist, I continue to think Rivian (RIVN) is good-looking, particularly given the strong surge in volume attendant with its rise.
Make It Up in Volume
From Booming to Looming
As I look at this long-term chart of continuous contracts of crude oil, I cannot help but believe that the failure of the latest top would telegraph an important global economic downturn. As TNR might say, energy don’t lie, bro.
Black Gold Matters
