Check out ITB and its price gap.
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.
The Transports Flop
The Dow Transportation Index is the same value now as it was over three years ago. How many indexes can you say that about? More importantly, the shape of the pattern looks incredibly weak. My hope here is that the Trannies are instrumental in grabbing the market by its scrawny neck and dragging the whole thing down.
Open Air for Utilities
One of the most bizarre beneficiaries of the AI Fad has been the most boring sector on the planet, the Dow Utilities. The elevator pitch was simple; all those NVDA chips are going to need a lot of electricity to power them, so you better buy the companies that sell power. It worked for many months, but I think people are starting to realize they’ve been suckered. A severe fall to that trendline is totally plausible.
Is That a Wrap?
Below is SMH, which has been the main driver of the market’s rise for eight horrific months. Once the magical fairy dust of the NVDA 10-for-1 stock split wears off (which might happen instantly on Monday), we will see the semiconductor index take a sharp turn lower. It’ll be high time, too.
Especially in Alabama
