Note From Tim Knight: The post below is an unusual one for Slope, as you will soon see. I would not normally publish a post such as this, but I am doing so principally out of gratitude to BDI who has provided dozens of outstanding submissions in the past (to say nothing of his constant presence in the comment stream). However, because the post does allude to a business opportunity, I want it made absolutely crystal clear that the presence of this post is in no way an endorsement. I have absolutely nothing to do with the business at all, nor do I vouch for it or potentially benefit from it in any way. I am simply letting BDI had some Sunday air time to talk about something he’s doing and what I think are the fairly interesting facts behind it. Caveat Sloper!
Hey Fellow Slopers,
On Friday, Tim Knight warned that the United States Natural Gas ETF (UNG) might be headed for steep leg down (“Is Natural Gas about to break wind“) For any investors who are thinking of holding their noses and staying long anyway, I thought I’d post a couple of quick ways to add downside protection to that ETF. (more…)
US manufacturing expanded again last month as July’s strong pace was maintained in August at 55%+. New orders increased at a healthy rate of nearly 5%, but right along with this prices also increased by 5%. (more…)
Clearly there’s a shock wave going on with energy markets and crude oil in particular. The past couple days offer some great examples of how sometimes, there is no such thing as too high or too low. But how does this week’s Syrian conflict oil spike compare to prior conflicts? (more…)
ANR will trigger a long entry on a break above the downtrend line on the daily chart below. When trading breakouts of price patterns, waiting for confirmation of a closing print on the time frame of the chart that you are trading will help minimize getting sucked into buying (or shorting) a false breakout (or breakdown). e.g.- If trading off a pattern on a weekly chart, (more…)