My late 2024 obsession (and, yes, the Vulcan’s!!) continues to thrive.
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.
Approaching Dow Fifty K
If invading other countries is this good for the market, I guess we’d better get used to more takeovers. Greenland next, I hear? In any case, the Dow Industrials is many hundreds of points higher and within spitting distance of the never-before-achieved 50,000 level. Go back farther and farther, even as much as a century ago, and you can see how important this resistance line is.
Rivian Reversal
My one and only long is gone. I came into the day long Rivian, and it was up nicely (about 4%). I tightened up my stop from 18.25 to 19.25 and even considered buying more (I did not). However, the strength faded and I got stopped out for a wash trade. Oh, well. I’m unadulterated bear again.
Long Rivian
I went ahead and bought Rivian (RIVN) this morning at $19.61 with a stop-loss at $18.25. I really like the look of this base, and I gotta tell ya, I’m seeing Rivians everywhere I turn these days.
Relaxed for Rivian
I had a good year with RIVN, but I sold what I had a couple of weeks ago. I’m waiting to get back into it in a large way, but the big question is whether it will (a) fall really hard, as it has in the past, to that ascending trendline or (b) find new, much higher, support represented by that dashed line. I’m inclined toward the latter.
