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.

Toronto’s TSX and 12000

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Toronto's TSX Index closed last Thursday just above major support, as shown on the Daily chart below. At the moment, it is hovering just above this 12000 level during Monday's trading session. Whether or not the recent bullish Golden Cross will be sufficient incentive for the bulls to re-enter this market remains to be seen. A bounce in commodities (gold and oil stocks) could reverse this recent pullback…so far today, they have been unable to hold at their highs of the day and are dropping as I'm writing this. A break and hold below 12000 on the TSX would be very bearish.

I'm also keeping an eye on the YM, ES, NQ & TF…each candle on these four charts below represents three days…the current candle closed on Friday. It's important that the 2011 high hold as support on the ES, otherwise we may see a waterfall drop occur on these four e-mini futures indices.




‘Morning Notes’ on Gold (by NFTRH)

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Now that the markets are becoming actionable, with the premier gold stocks technically broken, the stock market vulnerable beneath significant long-term resistance and even a less than stellar jobs report that got both Obama and Romney publicly fretting (a first inkling that Dear Monetary Leader Bernanke will eventually change the Fed's 'hard guy' stance with respect to policy), it is time for people who have not run with herds and gotten into trouble, to maintain perspective, strength, patience and a capitalist's attitude for coming opportunity.

This email update basically wrote itself and went to NFTRH subscribers last week.  Presented here just FYI:

NFTRH is not a gold letter, a gold stock letter or any other readily definable thing.  It is technical analysis, a lot of weird ratio indicators, psychology and a gut instinct by its writer with regard to the markets.

Gold remains a centerpiece of the analysis, but if policy makers are able to will the system to be fixed then NFTRH will become whatever the new reality demands.