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.
RUT:RVX Ratio (by Strawberry Blonde)
Price has fallen and is trading around major support at 50.00 and the Momentum indicator is still above zero on the following Weekly ratio chart of RUT:RVX. A break and hold below 50.00 and the zero level could signal that a big decline is in store for the RUT.
A look at a 60 min (market hours only) chart of the Russell 2000 e-mini Futures Index (TF) shows that price is currently trading in the vicinity of its lower channel, Monthly Volume Profile POC (pink horizontal line), and Monthly VWAP (yellow). A break and hold below 900.00 could signal much more weakness to come, depending on whether we see increasing volumes on the decline (note yesterday's and today's volume spikes).
This Break Today Changes Everything
Will Reload Miners Later
The completely-battered miners sector is bouncing, and I suspect it'll continue to do so to give precious metals some relief from all the selling pressure. However, the miners sector is chock-full of stocks that are begging to be shorted once the horizontal levels (formerly support; now resistance) are reclaimed, such as this one:
For now, I'm standing aside, but once the bounce is complete, it's time to short the living daylights out of such securities. Miners are doomed. Big time.
SPX:VIX Ratio (by Strawberry Blonde)
Price has fallen to just above major support at 95.00 and the Momentum indicator is still above zero on the following Weekly ratio chart of SPX:VIX. A break and hold below 95.00 and the zero level could signal that a big decline is in store for the SPX.
I'm mindful of my last comments on the VIX.
