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 oil service trust fell over 40% in just over two months recently, and it has clawed its way back almost to the trendline. I think this is looking like an attractive short, although it might have a little more "clawing" to do as the market embraces the notion that we're back in a full-blown bull market again. I have already established a small starting position with a stop at 122.65
Rumors are circulating that in an effort to enable its exporters to compete effectively with China, Japanese authorities are considering some sort of currency "peg," perhaps to a basket of currencies, or vis-a-vis the Yuan, or maybe even in part to gold.
In addition, there are currently heated discussions in Congress about declaring China a "currency manipulator," or otherwise coercing China to allow its Yuan to appreciate faster to enable American business to compete more effectively on a global basis.
Originally published on TheTechTrader.com.