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 my last post, I pointed out the notable achievement Starbucks had made by having the same price it did in December 2020, almost five years. Well, this next one beats that under-performance by offering a price that is the same as over five years ago: Lululemon (LULU), purveyor of overpriced garments for the vain.
During all of yesterday’s zaniness, i forgot to mention that I did my 42,000th post. Actually, since Slope lived for a few years elsewhere before winding up on this platform, there were thousands more than that, but still, let’s share a cupcake or something to celebrate.
As for the market, I’m ready for a cupcake since the /RTY rally faded. I woke up briefly last night and glanced at the market at the time where the arrow is placed, which kind of bummed me out for obvious reasons. As I’m typing this, the /RTY has actually slipped into the red. What it needs to do is cut below that green line, so – fingers crossed.
All the US indices are now pretty overbought, with the NDX in particular being the most overbought (6 days up in a row).
My NDX DAILY SHORT model shows a very high probability of reversal, however probability is a statistical assessment, so we cannot exclude the scenario where the NDX closes higher, again, on Tuesday. That would be 7 days up in a row.
(more…)Here are nine stock charts from my “Recent” watch list (that is, stocks that are relatively young). They aren’t necessarily bullish or bearish. They’re just……………..interesting.
This is my first public post on the US Dollar possibly since 2012, so it will be lengthier than normal as it will also act as a reference post that I can refer back to every time I do an update on USD here in the future.
I’ve always really enjoyed doing the long term charts on the US Dollar. Longer term patterns can take decades to form, with the falling wedge that broke up in 2014 breaking a wedge resistance trendline coming from a high in 1985.
Even the shorter term patterns within these larger patterns can take many years to form. On the monthly chart below I was noting in April 2012 that the rising megaphone that formed in the 90’s took six years to form, and the current rising megaphone on USD has been forming since the big low in 2008, which was the lowest low going back as far as my data extends to the dying days of the gold standard in 1970.
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