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.
Shifty Fifty
I realize that probably none of you trade this thing (/IND50) but the SIMEX Nifty 50 Futures sure looks doomed and doomed can be (I mentioned it when it was first breaking down).
A Tale Of Two Tickers – NVDA & TSLA
This is my first post in a while looking at individual stocks, but I used to do a lot of these, and this is the first of regular posts on these in the future. Today I want to look at the two stocks in The Magnificent Seven which currently have the best and the worst looking prospects over coming months.
The one with the best looking chart is definitely NVDA. Looking at the hourly chart I have an H&S that has broken down with a target in the 100 area and a very possible bull flag falling wedge that has been forming as it declines. I’ve drawn in a couple of possible support trendlines on that and if the bull flag continues to form it would ideally now return to flag resistance, currently in the 136.5 area but declining rapidly, and then make a last leg down into the H&S target in the 100 area. We’ll see how that goes.
(more…)Burning Down The House
In my last post on Friday I was looking at a decent quality rally setup and that was looking good on Friday night, but Trump’s interviews on Sunday delivered a big decline yesterday. Trump’s comments in those interviews however were very illuminating about the likely direction on tariff policy over the next few months.
So, what did the interviews tell us? Well firstly Trump is very keen on imposing tariffs on most of the trading partners of the US and seems to be convinced that will bring in a lot of extra money for the US. I think he is seeing that as a heavy tax that the US can impose on trading partners for the privilege of trading with the US, and we have already seen that he seems to think that this won’t come at a heavy cost to the US.
(more…)One of the Greatest H&S Ever
This is just a nice example of a class head & shoulders top, by way of the symbol CHGG. Chegg is a company that, last I heard, rents out textbooks to college students. It has fallen from about $112 to penny-stock land, and the H&S top preceded the entire move lower.
