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.
As with just about every other asset class, bonds have been bouncing strongly over the past week, but I think that – – again, with just about every other asset class – – the bounce is nearing an end. Take note of the descending channel bonds were trading within ever since last May. It broke the channel on June 19th, and I think the lower trendline is going to represent resistance now. We are approaching this trendline, as well as another spanning back to August 19, 2011, which I believe provides a strong pivot point to repel prices downward. (more…)
There is a fascinating convergence of trendlines occuring slightly above present price levels for the emerging markets ETF symbol EEM. I have entered a new short position in this with a stop at 39.48 (which corresponds to the closing of an important gap). My view is that any strength we see this week (which seasonally tends to be a bullish week) should be faded. (more…)