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.
One of the reasons that I haven’t gotten short on this market in the last week with the sudden market weakness that shook traders up on Thursday is because, the sell-off didn’t begin last Thursday. In individual stocks the sell-off began in the beginning of July and stocks across the board have been weakening ever since.
Take the T2108 for instance and you’ll see how the percentage of stocks trading below the 40-day moving average has been rapidly declining since the beginning of July.
Take a look for yourself.
Gold has been somewhat puzzling since the July 14 drop, but I think I’ve teased out an intermediate-term ascending channel. Simply stated, gold needs to stay above its recent lows to keep this important channel intact for those of us bullish on precious metals. (NOTE: I wrote this post last night, long before gold’s outstanding pop today, so, errr, take that into account).
Exports, Imports, and Balance: What International Trade Tells Investors About The U.S. Economy
At 8:30 EST/12:30 GMT The Bureau of Economic Analysis released their monthly report on U.S. exports, imports, and balance of goods and services for June 2014.
The BEA economic report release calendar is here:
Goto the “U.S. International Trade in Goods and Services, June 2014” here:
Back when the RSX was at about $27, I pointed out on my TastyTrade segment how alluring that descending trendline was with respect to the Russian equity ETF symbol RSX. The price seemed to have a lot of respect for that line and, sure enough, the stock has been slipping lower ever since. It seems a trip down to about $21-$22 (recent support) seems altogether possible although, frankly, the triangle pattern formed by these two lines clearly shows a failure of the aforementioned support would turn the Russian equity market into a giant vat of spoiled borscht.