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.
Equity markets always seem to have an obsession. There are myriad choices, including:
+ Whether or not a certain war is going to break out;
+ What Cisco's earnings will be (that was so eleven years ago……);
+ Whether the debt ceiling will be raised;
+ Who is elected President;
+ What kind, and how much, of stimulus the Fed will enact
I haven't even started doing my evening post, so I'll just slap up a comment cleaner.
I was thumbing through my "Old Images" folder for Slope, and I was intrigued by this one from January 7th of this year (the, umm, filename grabbed my attention).
I guess the most interesting bit is Goldman's target of 1500 on the S&P for December's end. The bulls had better get crackin'!
The most conspicuous aspect to the enclosed daily iShares Silver Trust (SLV) and SPDR Gold Shares (GLD) patterns is the relative lack of near-term resistance in the latter compared to the former.
Purely from a technical perspective, the GLD has hurdled key near-term resistance at 164.70 and should be on its way to filling the down-gap area created on Sep 22-23 up to the 169 area. Let's also notice that the GLD is trading above its rising 200 DMA, and above all but its declining 50 DMA shorter-term MA's.
Meanwhile, the SLV has much more serious resistance headwinds between its near-term upside breakout plateau at 32.00 and 33.80.
Right now, gold is leading, silver following.
Originally published on MPTrader.com
Originally published on TheTechTrader.com.
By far my best performer today has been symbol CVI. I was scratching my head about it, since crude oil was zooming higher, so I asked Slopers what was going on. One kindly responded (and has given me permission to reprint his words here):
