This weekend, I’ve put together charts of stocks I feel are almost ripe for shorting but are not positions in my portfolio yet. I confess that if Friday had shown general weakness, I probably would have cheerfully shorted every single one of them, but the ungodly annoying recovery on Friday made me hesitant (and too nauseated) to get more aggressive. I suspect I’ll get into most or all of the charts I’m sharing this weekend during trading next week. (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.
Currencies and Gold, Big Picture
Uncle Buck and his reserve status were leveraged to the hilt by “The Hero” and now his successor is trying to gently talk the Fed out of its policy stance over time. In other words, tightening is going to come one way or another and Janet Yellen is trying to go the orderly route. When this process becomes disorderly, the USD is likely to benefit from the liquidations elsewhere in the asset world.
Technically, USD is in a long basing pattern. There are those who think it is basing before a renewed decline, reading a Symmetrical Triangle (continuation) pattern into poor old Unc. I think the odds are it is bottoming over the post-2008 years when inflation – try as they might to have promoted it – simply has not taken root. Leaning bullish, watch support and resistance.
Canada’s Inflation Rate Increased to 2.4%…Trend or Anomaly?
Canada’s inflation rate continued to rise from 2.3% in May to 2.4% in June, as reported today by Statistics Canada.
Is this the continuation of a longer-term trend, or simply temporary? Time will tell.
Down the Hatch
