Here's a comment cleaner that's worth watching. Someone managed to sneak in a camera to the Book of Mormon (original cast, the same one I saw last December) when it was in previews. Watching the scene during "Man Up" gives you a whole new appreciation of the song.
Slope of Hope Blog Posts
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This is just a friendly reminder about how bloody important it is for
the HUI-Gold Ratio (HGR) leading indicator (to the precious metals
sector) to maintain its higher lows status.
The retracement low yesterday ticked most of my boxes. On the ES 60min the M top target at 1383 was tested, but 1388 support held on an hourly close basis. On the SPX daily chart we then saw the close above the middle bollinger band at 1394 that I was looking for. The upside target on the SPX daily chart is the upper bollinger band at 1437 (still declining slightly), with some potential resistance on the way in the 1422/3 area at the March/April highs and the 50 DMA:
Originally published on TheTechTrader.com.
China's Shanghai Index closed yesterday (Tuesday) at a low not seen
since February 2009. The 1-year Daily chart
below shows that price slipped and closed just below near-term support as the
RSI, MACD, and Stochastics indicators turned down again, with the MACD histogram
beginning to accelerate below zero again.