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.

Two Ways Of Hedging Gold Miners

By -

In a post on Wednesday (“Gold’s Bull Market”), Tim highlighted a breakout in the chart for the gold-tracking ETF GLD. Last month, Tim noted he was bullish on gold miners as well in the longer term, though they could face a pullback in the shorter term. For those long the Market Vectors Gold Miners ETF (GDX), here are a couple of ways to hedge it over the next several months. (more…)

Dividing Lines

By -

Wednesday was another utterly unexciting day in these markets of ours. It had started off great, but then it withered away into another miniature end-of-day melt-up.

I just took a look at the ES over the past 120 trading days to try to make some sense of it. The first important break I’ve tinted on the left in magenta, which was a trendline failure that allowed the market to skid lower swiftly. It put the brakes on at the green tint at the supporting trendline (although it took a couple of days to figure out it wanted to go higher instead of break another line). Then then struggled to get into new-high territory (another green tint), finally broke free, but then swiftly rolled over again, which is where we found ourselves now. It’ll takea  break of the horizontal line (the rightmost magenta) to get things rocking once more for the bears. (more…)