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.
In case you don’t think management matters, I’ve got something for you to see. Below is the chart of Brinker International (symbol EAT) which is blasting to lifetime highs almost every single day, even when the market is getting mauled. Their main business is the lame restaurant Chili’s.
A month ago, I don’t think the words “quantum computing” had been mentioned in the nearly twenty years of this site’s history. Over the past few weeks, though, we have done a ton of posts about them, specifically engaging in serious eye-rolling about the insane bidding-up of these beyond-speculative equities. Well, none other than Jen Hsun Huang has put the kibosh on this mania, by saying it’s probably about thirty years off. If someone THAT doe-eyed optimistic can make such a statement, well, forget about it. These aren’t tiny downticks, either. They are double-digit percentage slices in just hours.
Even with weeks of semiconductor stocks blasting higher, and Jensen Huang loudly declaring in Las Vegas that NVDA was going to provide consumers with their very own AI supercomputers (thus leading to NVDA hitting a lifetime high today), the leveraged long ETF for the semiconductor sector (SOXL) is still configured as utterly broken. That shattered trendline matters.
It’s amazing just how gargantuan NVDA has become in the semi space.
