A Pratt & Whitney engine on a Boeing 777 catches fire during United Airlines flight 328 in February (image via passenger video at CNN).*
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.
Tesla Crashes
Image via Peloton Victory Lap
Well, that worked out well. I have relentlessly declared that Peloton (and Zoom) was an accidental beneficiary of Covid, and now that Covid is in the rear view mirror, people are going to turn cold to the idea of paying monthly fees to sit in a stationary bicycle. I called for a price target of $111. Well, voi-freakin-la!
Bitcoin Bounces Back
Peelings
Only a few days ago, I wrote of Apple “As the world’s largest company, I would say that Apple is a very important canary which is worth watching closely. Take note of two things about recent activity: (1) its bullish breakout has completely flopped (2) it is even breaking below its supporting trendline of the right triangle pattern.” When I wrote those words, AAPL had just barely breached its trendline. It is clear that this modest violation presaged a clear-cut failure.
