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.
NFTRH has been bullish the USD and bearish the Euro, Canada dollar and Aussie dollar for quite some time now, most often using this simple weekly chart of various currencies. Months ago we noted USD creeping out of its downtrend (green dotted line) and the Euro falling out of its wedge (red dotted line). Back then, sentiment toward the USD was far different than it is today. So this week the Currency segment included some thoughts (and data) on USD and Euro sentiment as well.
Also of note, while the excerpt speculates that a USD reversal could trigger bounces in commodities and precious metals, these items generally remain bearish until proven otherwise. Not the other way around. (more…)
I have zero interest in sports, and even less in rich owners of sports franchises. However, I’m a freak, so my fellow Americans have been all up in arms about the latest rich guy wanting to sell his team (at the top of the market, I imagine) as compensation for his earlier politically incorrect sins.
I looked at his email, and in spite of my aforementioned disinterest, I must agree the email is appalling and embarrassing. Shame on Mr. Levenson! Specifically………..
I could go on, since the email is pages long, but you get the idea. I think the nation’s outrage is absolutely spot-on.
Poor old gold broke its symmetric triangle on September 2nd (and peaked this year way back on March 17th), and it’s been in sorry shape ever since. The break of this triangle doesn’t look good for precious metals bulls.
Here’s today’s swing-trading watch-list:
Long Micron Technology (MU)
I’m not acquainted with Japanese Prime Minister Abe, but it’s apparent that the man’s wizard-like skills turning his national currency into toilet paper are unparalleled. The US dollar has finally achieved escape velocity versus the yen…….