Impenetrable Musk Gap
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.
Trapped Between the Gaps
It’s looking like my TSLA-is-done post to premium members last Friday was spot-on correct. At this point, TSLA is trapped between two price gaps: on the low side, $910, and on the top side, $1208. I strongly suspect that TSLA will never, ever exceed the prices we saw last week. Ever. EVER.
Jibber Jabber
Given the disposition of most Slopers, I suspect there isn’t much sympathy for the Covid-19 vaccine-profiteers getting hit. In particular, Moderna (MRNA) a company that was in the right place at the right time when Covid hit (and, in doing so, made its founders multi-billionaires) is getting nuked again. At this point, it has lost well more than 40% of its value.
Another Gap Play
Magna Island
Quite the reversal today in the market – – we were down hard early on, but as I’m typing this, the ES and NQ have both gone green ,and the ES has pushed above the level I mentioned this morning. One particularly stock that had an interesting twist this morning is Magna International (symbol MGA) which has an island reversal pattern.
