Sorry to keep bringing up SKF – the ultrabear on financials ETF – but for an instrument like this to be down only .37% on a day like this, where the bulls are having a field day, is interesting, to say the least. I still like this pattern.
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.
Dinero en Los Banos
In spite of some erstwhile strength last week from the dollar, it seems to have faded. It's as if Dubai never happened. In this market, a tiny blip of sorta-kinda decent news sends the market surging, whereas a $60 billion default is good for single day's weakness.
Here's a chart of the US dollar versus the Canadian. It is, quite literally, Loonie.
UNG – a Loser Among Winners
One would think in an environment of a plunging dollar, strong commodities, and very strong equities, just about anything to do with energy would likewise be strong. But UNG just can't seem to find its footing. Last week it showed some strength, but it's all been erased. If UNG acts this way in a red-hot bullish environment, what on earth is it going to do if assets are falling across the board?
