One thing sorely lacking in this market is the ability for a selloff in anything to last more than an hour or two. One glorious exception is one of my favorite shorts, Gerdau S.A., shown below. (more…)
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.
The triangles on ES and SPX have continued to develop since yesterday and are now very clear, though both a little rough. ES has retraced to test triangle support again overnight and that is now a very well established support trendline. Here’s the triangle on the ES 60min chart: (more…)
Excerpted from Notes From the Rabbit Hole #240, dated May 26, 2013.
Alan Greenspan gave them the playbook (Credit & Debt Manipulation 101) and now Ben Bernanke and global inflators everywhere have taken the ball and run with it in new, innovative and levered up ways. Actually it’s a game of Whack-a-Mole and they play it well, these inflating moles. The minute you think you’re going to drop the hammer on one of their heads, he’s gone and another one pops up elsewhere. (more…)
This Daily comparison chart of the SPLV (which is an ETF containing the top 100 lowest-volatility stocks in the S&P 500 Index) with the SPX shows that they have traded pretty much in tandem since the ETF’s inception.
However, that correlation diverged in mid-May and the SPLV has now made a lower closing swing low on this timeframe. Furthermore, the Momentum indicator has dropped below the zero level signalling potential further weakness ahead. (more…)
It has been a little while since I’ve done a post here, but the returns in the model portfolio have been steadily rising. We are now up 8.4% since February.
With gold finally waking up over the last couple of days, I thought it was high time that we checked on the how GDX was doing technically. Specifically, I wanted to figure out what the chances were for further downside movement, or whether GDX had formed a bottom and it was time to jump in. (more…)