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.

Short-term Extremes in Emerging Markets…Potential Trade?

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The market continues to teeter at the top.

Approximately 58.5% of the ETFs we follow in the daily options blog are in a short-term extreme state at the moment. Typically when we see levels this high a short-term reprieve follows.

One of the reasons the ratio is above 58% is the international ETFs. All of the highly-liquid international ETFs we follow are in a short-term extreme. India (EPI) is by far the most overbought at the moment, but it’s actually the emerging markets ETF (EEM) that has drawn my attention. (more…)

Battered Into Bargains?

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Below are three charts which, in a normal market, I would think were dynamite bullish patterns. They are well-formed, had strong volume behind them, and have retraced back down to much more reasonable risk/reward levels. My principal hesitation is the market in general, because if the market ever gets weak (if you can imagine such a thing), these otherwise great-looking charts would be vulnerable.

0513-fcel (more…)