Over the years, there have been a ton of posts about Planet Fitness (PLNT) written both by me and others. This thing is such a tricky beast! Just look at this:
Sore Muscles
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.
Crisis? What Crisis?
In my post on 23rd April on my The Bigger Picture substack I was looking at why in my view the Iran War was, and is, largely irrelevant in the context of the economic shock being created by the closure of the Strait of Hormuz. The Strait has now been closed for almost ten weeks and seems very likely to be closed for at least another three weeks. I’ll be writing a follow up post tomorrow about oil, and the oil shock that I’m expecting to become very important when the oil and equity markets come out of their current wishful thinking daze in one to three weeks. If you’d like to see that, it will be published on my The Bigger Picture substack and at Slope of Hope.
(more…)Don’t Change That Channel!
Interesting to note that the semiconductor ETF, symbol SMH, is coming right up to the upper trendline of its more than year-long channel. Just sayin’.
Just Like That
These days, it’s heartening to see any stock behave exactly how it’s supposed to behave with classic technical analysis.
I was reminded of this because of Klaviyo (KVYO) which lost about 33% of its value today. Amazingly, it’s an AI stock, but more importantly, it treated its right triangle top precisely as it should have: a retracement, then a plunge!
Not There Yet
If the long-term picture provides for precious metals to beat the stuffing out of equities, the patterns have been playing out beautifully. However, for an impatient person like me, I have to admit that there’s plenty of room left for stocks to rally (or metals to weaken) until we fully retrace the massive topping patterns that have already been put in place.
