I wasn’t watching the market in 2008 as closely as I do today, so I didn’t observe the legendary Volkswagen Short Squeeze in real time. I have been watching the insanity in GameStop (GME), however, and it is jaw-dropping. This is a stock was was less than $3 only nine months ago, and it got up to about $140 this morning based on nothing but squeezing the everlovin’ life out of the bears, led by a merciless /reddit army.(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.
In the parlance of candlestick charting, a “wick” is the skinny line protruding either above or below the color rectangle (known as the “body”), and long wick typically denote volatility and uncertainty. The year 2020 was certainly chockablock with wicks, and below are eleven charts, constructed with annual bars, with some comments in each captioned area.(more…)
Tomorrow is the last trading day of 2020 and with New Year’s Day on Friday we get another long weekend into the start of 2021 next week. This has been a really interesting year, though a very hard one for many, and will leave a legacy for economies and markets that will likely ripple through the next few years. We’ll see how that develops in 2021.
At the end of every year we like to do a free public webinar or two at theartofchart.net looking at where we see markets going over the next year, and we are doing the ones for next year tonight and tomorrow. All are welcome and the first webinar we are running is at 5PM EDT tonight (Wednesday 30th January) looking at equity indices, FAANG stocks and key sector ETFs and, if you’d like to attend, you can register for that here. The second webinar is at 5PM EDT tomorrow (Thursday 31st January) looking at commodities including metals, energies, softs, meat and grains and, if you’d like to attend, you can register for that here. As always all webinars are linked from our monthly free webinars page at our blog, currently December.(more…)