As if you needed another semiconductor company to short, this one is a beauty: check out the head and shoulders top I’ve marked in pink.
Another Semi Short
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.
Two Heads and Four Shoulders
Since snaggle-toothed Brian Thompson has fallen off the front pages, I was glancing at the other “healthcare” CEOs who pull down $20 million a year for cheating their customers. The comely lass below is Sarah London, who makes seven figures every month running Centene. Looks like a super nice lady, right? Anyhoo, as your resident chartist, I at least wanted to point out the rather substantial topping pattern this creature has banged out.
Tagged Core Equities
Uber Pattern
Wow, check out the perfect head and shoulders top on UBER! These guys vaulted to a lifetime high on 10/11, the day after Elon’s “We Robot” event, but they’ve already lost 25% since then. This topping pattern makes their near-term future look even worse.
Another Minority Report
In my last post on Tuesday I was looking at the bullish consolidation options on Bitcoin (BTCUSD), Solana (SOLUSD) & Ethereum (ETHUSD), and those have played out mostly as expected since.
A small H&S had broken down on Bitcoin, and I was saying that might well fail into a retest of the prior high at 98.7k and then go higher and we saw that.
BTCUSD 15min chart:
