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.

PREMIUM: Never-Ending Liquidity

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by Silver Singularity

Hi Slopers, time for another post and, boy, what a year so far!

Where to start? Well, NVDA I guess! What happened with that stock is the most mind-blowing thing I have ever seen so far, and I’ve been trading since 2012, even TSLA in 2021 wasn’t even close to being as impressive as this one.

The only thing I can recall that felt the same was Bitcoin in 2017 and 2021 but even if crypto is behaving like a risk-on asset it’s just not comparable to stocks IMO.

For some perspective about how strong that mania has become, at $973 on Friday NVDA was up 97% and a whopping $1.2T (almost) in market cap added YTD.


High Retests Likely

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I mentioned in my post on Tuesday morning that the historical stats for the rest of this week leaned bullish, and that the stats for next week after the holiday all lean bearish, and after the low on Tuesday afternoon we’ve been seeing that deliver so far.

I capped the chart below after the close on Wednesday 14th with the very decent looking rising wedge that had formed from the low on SPX, and that looked as though that might break down on Thursday 15th, delivering a decent right shoulder high on a possible H&S right shoulder.

SPX 1min (after close 14th Feb) chart: