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.
Brazil at Top of Range
A Measured Move
Well, thanks for Mario’s negative-er interest rates, the Euro is in a free fall. I’m pleased to see this, because I’ve been harping endlessly on shorting the Euro over in Slope Plus-land. My initial “heads up” about this trade was on July 16th, when I showed the break in this trendline:
Getting Whippy
Yesterday was surprisingly weak, and there is very definitely a setup for bears to follow that through today, though with ES back up testing 2006 overnight so far that may well not deliver.
On the daily chart there was a bearish engulfing candlestick, though not a classical one as the previous day closed down rather than up. SPX is very close to triggering a daily RSI 5 / NYMO sell signal and another day of weakness would most likely deliver that. Only three charts today as I’ve been putting together the stats for those signals since the start of 2007 and should have those ready for tomorrow’s post. SPX daily chart:
