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.
The big earnings event today was AMD which, just like PLTR yesterday, produced great results and went rocketing higher. The comparison doesn’t end there, however. Not long after, the stock sank into the red, just like PLTR, although not with the same severe slump. Suffice it to say that a handsome gain has morphed into a modest loss.
Two red days in a row? Is that even legal? Well, before we get into that, let’s look at a couple of markets which suggest to me that we’re going to war, even though there’s no chatter about it.
Oil has completely shaken off its production news from the weekend and continues to zip higher, rendering the Sunday gap moot.
For the first time in two weeks, I don’t have to grit my teeth in anticipation of a horrible opening bell. We’ve got drops of almost 1% across the board, which I’ll gladly take. Here’s the slow burn on the /ES all night, away from its absolutely ridiculous lift last week:
Before we get into the “real” ratio charts, here’s one I haven’t looked at in a while – Ethereum divided by Bitcoin. What a fall from grace $ETH has had! It’s just a steady swoon lower, illustrating how far $ETH has fallen out of favor when compared to $BTC. Most folks seem to agree that in the world of crypto, there’s Bitcoin, and then there’s garbage. Ethereum seems to have joined the ranks of $MELANIA in that respect.
