I have taken, as hedges, long positions in URE, GLD and SLV, but on the whole I still have mostly short positions. This post, and the three that will follow, are some of my favorite short charts right now.
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.
Anyone Seasick?
Strength in Real Estate
The symbol URE (ultra-bull real estate ETF) is getting its act together. A stop at 6.65 seems right to me.
Quote of the Day
"This is a bull market…….The difference this time is the speed at which companies adjusted and cut their costs. We all know that when a recovery does take hold, the rebound in earnings is going to be very dramatic." – CIBC Asset Management, October 2009
For old-timers on Slope, you may remember reading this before……..
"…industrialists have been cutting costs and increasing efficiency. This will increase profit margins when the recovery comes." – Wall Street Journal - July 11, 1930.
Institutional Buying and Selling (by Biffermas)
I'm a closeted lover of indicators, even though I realize the limitations inherent in something based on little more than price and volume. I haven't shared many of these with you recently because they simply haven't given any good signals for two months. Choppy, low-volume movement doesn't trigger the extremes required for a juicy indicator-based position.
This combo from Marty Chenard's Stocktiming.com represents the major reason I signed up for his service. They are both based on institutional accumulation and distribution (although his definitions for each are somewhat cryptic). These are showing promise for market reversal. but it's too early to draw firm conclusions. However, looking from a bearish perspective I think the current readings should bolster some cautious optimism.
Chart 1: The Market Algorithm. Based on institutional selling direction. Chart description.
Chart 2: Institutional Buying and Selling. Here is the chart description from Stock Timing. What is remarkable about this chart is the relative absence of both buying and selling.
