Yesterday was an impulsive looking move and something of a statement in itself. But now technically, the metals and miners need to gather themselves (after a potential pullback on profit taking) and make a real statement. (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 Path to 100 Remains Intact
That Is a Tasty Burger!
In one of my sheepish long position videos, I mentioned Wendy’s putting together a very attractive base. That formation has fully blossomed, as WEN is zooming, up 25% this month alone. Technical analysis still works……..at least for longs! (more…)
Running Out Of Road
I was looking at the short setup on GC (gold futures) this morning and thinking how much better it was than the short setup on equities here. That’s for a couple of reasons. Firstly Gold is still either in a downtrend or in a bottoming process, and a rallies in a downtrend deliver better short setups than waves up within a strong uptrend. The second is of course that the Fed aren’t on constant watch to try and support the Gold market if it sniffles or soils a nappy. (Translation for Americans: poops its Pampers. – ed.) (more…)
GDX Hurdles Over Resistance
GDX managed to hurdle over a resistance line that I thought would give it some serious pause. There are two charts below – one zoomed out and one zoomed in with a relatively more recent trend line. (more…)
