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.

I Know What Bo Don’t Know

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I tripped across this interview last night, and it’s brief but fascinating. I’ve never seen Johnny Carson so deer-in-headlights. My impression is that he pretty much can’t believe his eyes (which is understandable). One has to feel a little sorry for Ms. Derek, since it’s pretty obvious she was utterly under the thumb of John Derek, who must have been the king of the macho-men (who inspired her to say with a straight face, “I eat too much.”) . In any case, check it out…………

Weakness in European Financials ETF (EUFN)

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Recent weakness in the European Financials ETF (EUFN) was punctuated by today’s (Thursday’s) gap down and close below the 50 day MA, as shown on the following 1-year Daily chart.

All 3 technical indicators have also dropped below their respective mid-point…signalling potential further weakness ahead. Major support sits around 23.50 to 24.50. Failure (drop and hold) below 23.50 could spark a major sell-off in European stocks…one to watch in the weeks ahead…particularly as the next ECB meeting approaches on June 5th. (more…)