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.
A Moving Post To Move By
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…)