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.
I am honestly in awe of how charts have been behaving the past couple of months. I have been doing this my entire adult life, and I’ve looked at literally millions of charts, but this must be one of the most chart-compliant markets (in retrospect!) I’ve ever seen. Just look at the NASDAQ 100, and focus on that dashed blue line, which is the midline of a multi-decade channel.
The lifelong dichotomy remains the same: I am exceptionally pleased with my charting, which in retrospect was at Nostradamus levels, whereas I’m sorely disappointed in my personal trading. Mercifully, you only get part #1.
Below are some conjectures about where a bounce might take us. If these actually take place, the market gods aren’t even TRYING, because these are just way too obvious. But for what it’s worth……….
A viewer of my tastylive show wrote me this morning to suggest Shopify (SHOP) as a short. I’m inclined to agree, so I bought a bunch o’ September puts this morning. It’s a love head and shoulders top.
Below is SAGE, which has spent its entire existence building the biggest head and shoulders top in history. I suppose it is destined for $0.
