Here are some bullish-looking charts that are doing well lately:
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.
P-Letter Metals Rally
Many times starting in 2021, and reaching a fever pitch late in 2024, I wrote loving missives about gold, silver, and – – later – – palladium and platinum. It’s those two I’d like to highlight with this post, as they are both rallying mightily this morning. Below is the chart of palladium /PA over the past few years, with its exquisitely formed rounded bottom followed by a series of lurching, forceful rallies.
What Happened to Rivian?
Attentive Slopers know that Rivian was my one and only long position. Was. I had a stop-loss at 18.25 (I bought it at 18.90) and got stopped out this morning at 18.20. Good thing, too. It’s a full dollar lower than my execution price already. That’s what stops are for!
It seems that, yet again, what should have been a breakout has morphed into a slump. Probably the next and best opportunity for RIVN would be after getting pummeled down to that ascending trendline, which could take months.
Rivian. Again.
I look at thousands of charts per week, and in this insane market, the only non-precious metals related item that appeals to me on the long side is Rivian (RIVN), the electric truck maker. I had decent success with RIVN last year and I re-entered it this morning at $18.90 with a stop at $18.25.
Big Swinging Sandisk
Never would have I imagined all those fingernail-sized chips would be such a big deal all of a sudden.
