I’ve been talking in my last few posts about expecting a significant high at the end of November, to be followed by a downward cycle into April 2020, and here we are at the end of November, so how’s that looking here? Well as it happens a rare and significant event happened at the close today that confirms the inflection point here and leans strongly towards seeing that retracement next.(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.
Below are the thirty stock charts (zoomed in to what I consider appropriate portions) of the Dow 30 Industrials. I have broken them into two groups: solid and shaky.
The “solid” ones basically look like Internet stocks from late 1999. Absolutely insane straight-up madness. Beyond belief. Just itching to be sold. And apparently unstoppable.
The “shaky” ones, which are in the minority, have already started breaking down. So here we go……….(symbols and names are in upper left of each)(more…)
In the midst of a stock market which reaches lifetime highs every day and is sporting stocks like Apple which look like this:(more…)
Just about the only outlier in this stocks-go-up-no-matter-what market continues to be the consumer staples fund, which quite clearly has broken its wedge and is threatening a sustaining downtown. Seems like science fiction, but………honest!
For years, Virgin Galactic had all the dynamism of a passbook savings account. It stayed at $10, plus or minus a few pennies, for eons. For whatever reason, it recently has gone totally bananas, and volume has exploded. Just thought I’d share it:
I really hate to say it, but when it comes to charts, ya gotta tell the truth: the diamond pattern on the Russell 2000 is threatening a break to the upside. Thus, hard as it is to believe, the free pass bulls have received for the past eleven years might get another extension.