Slope of Hope Blog Posts

This is the heart and soul of the web site. Here we have literally tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. You can also click on any category icon to see posts tagged with that particular category.

Strength in Financials ETF vs SPX & U.S. $

By -

Further to my post of March 9th, and as can be seen on the two Daily charts below, the Financials ETF (XLF) outperformed the SPX and the U.S. $ on Tuesday. With Tuesday's volume spike, the recent bullish Golden Cross of the 50 sma above the 200 sma, and a potential reversal of negative divergences on the RSI, MACD, and Stochastics indicators, these two charts are worth watching over the next days/weeks to come to see whether the Financials sector maintains its leadership over these two instruments.


(more…)

Bullish on Real Estate

By -

Real estate ETFs are just about the only area recently whose bullishness I actually buy – – DRN, URE, and IYR are all super-looking charts. My largest long (by far), IYR, is poised for a breakout. In an era where it seems impossible to get the market to fall for more than one day (witness last Tuesday – sigh) one has to drum up charts that are not only bullish, but plausibly so.

0313-IYR

As I type this, it's 45 minutes to showtime. Good luck, everybody.

What Moscow and March 12th Have in Common

By -

Some facts on Moscow according to Wikipedia:

(more…)

Bullish Action Overnight (by Springheel Jack)

By -

ES held the first support level I gave yesterday morning at the 1360 level, and has broken up through the previous high overnight, holding it as support since. That was impressively bullish, though there is some negative divergence on the 60min RSI. Looking again at the IHS on ES this morning, and how it has developed since I first posted it last Thursday morning, the right shoulder formed on Thursday, it broke up on Friday, the neckline retest was yesterday and it has made it over halfway to the 1384-5 target since that retest. Obviously we may see that IHS target made very soon. Short term I have support at the previous high in the 1371.5 area, and rising support from the low last week is currently in the 1365.75 area. 

(more…)