It’s frequently said that the biggest threat to Tesla is all the big car makers who are coming out with their own electric vehicles. Well, Elon isn’t exactly sweating it out so far…………
(more…) Golden Arches
(more…) 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.
(more…) Nikola Price Gap Looming
Joe Average
The market just won’t shake itself loose, will it. For weeks now, it feels like we’ve been trapped. Unless you own one of the handful of mega-cap NASDAQ stocks that makes a lifetime high every single day, I suspect you have the same frustration that so many others do.
The source of this frustration can, I believe, be better understood with the equity index charts shown below. We begin with the Dow Jones Composite, which shares the same two fundamental features found on so many other big indexes and ETFs: (1) an important price gap, below which prices have traded for weeks (2) a broken trendline anchored to the March 23rd bottom.
MSCI EAF Breakdown
The only ETF I am short now is symbol EFA with a stop at 62.62; here is the recent price action, with some detail showing the trendline break and price gap:
Russell Gap
This seems exactly like last week. That is, a firehose of bad news all through the weekend, a big gap down on Sunday, and then, step by step, green across the board. Annoying. Absolutely annoying. Anyway, here’s IWM:
