Now that the real estate fund symbol IYR has pierced its Fibonacci, I would suggest that, for months to come, it will be bound, once again, by the range between the Fibs of approximately $80 to $87.
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.
In the least-surprising news of the morning………(more…)
It was excited to see the Russell 2000 futures start to challenge its Fibonacci. Sadly, the fib continues to serve its role as SUPPORT, and, BOING! all stocks went higher.(more…)
The big event on Wednesday after the close was, of course, the Tesla earnings announcement. They haven’t done their call as of this typing, but let’s just say the reaction is not great right now, taking the stock down a few percent.(more…)
I’d like to visit this Tesla analog again, since it’s particularly relevant due to Wednesday being TSLA earnings day. It sounds bonkers, but I’d like to propose that it is not outside the realm of possibility that TSLA will drop another 10% in the next few days, even though it has already lost 22% of its value just in the past few weeks. Below is the analog I am tracking, which I find intriguing, to say the least.(more…)