I made four specific predictions about Tesla (TSLA). A quick search of even just the number “910” in the Slope of Hope search field will reveal some of them. The first three predictions came true with remarkable precision, as I enumerated in this back-patting post back on November 15th. The 4th one was pending. Specifically, a prediction that the stock would fall until its price gap at $910. Here’s one mention of that price target.
Happy New Week, everyone. Although the values of futures pre-market have become rather meaningless lately, I’ll mention as of this composition that the ES and RTY are green and the NQ is red. Nothing dramatic is happening, and the only scheduled event of any consequence this week is the CPI report pre-market on Friday.
So the ES is indeed green, but for the past week, the market has been following a series of lower lows and lower highs. More importantly, it also completed a tidy little topping pattern which also just happens to be constructed beneath a broken uptrend. In other words, things are looking fairly well-positioned for the bears, in spite of these daily little exercises in green-i-tude from our bullish friends.
It’s anecdote time. Two of them, actually, and they are closely-related.
The first is the reaction I have when someone writes to me very excitedly saying how much they love the site and wish they had discovered me years ago. And I ask myself: have I been hiding?
Slope has been around over sixteen years. It advertises both in print and online. I have had a prominent show every weekday on tastytrade since the company launched. And I am absolutely confounded why it took so long for them to find me in the first place.
I had an experience today which helped me answer that question. I listen to YouTube quite a lot while I’m puttering around the house, normally enjoying things like music or comedians. Quite by chance today, it played a video by someone I had never heard of before: Jordan Peterson.
Now, those of you who know of his work are surely thinking, “How could you NOT have heard of him? What cave have you been living in?” Because he’s hugely successful author and a major figure in the world of political and social commentary.
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Stonetoss’s classic comic about Bitcoin volatility. Note from Tim: God, I’m weary of this cartoon.
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