It seems that one of the principal beneficiaries of the constantly-declining interest rate market has been real estate (coupled with the fact, I suppose, that newly-minted millionaires from China want to shove their money safer than the Middle Kingdom). Whatever the reason, the chart below, which is the triple-bullish real estate ETF, is jaw-dropping. (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.
Roughly one year and a half ago we posted here on Slope of Hope a reference to a new source of cheap energy that was being tested and developed, the so-called “energy catalyzer” (ECAT) by Andrea Rossi (now acquired by Industrial Heat).
There has been a lot of rumors and developments in this field since, then, but one thing is interesting and we are going to point it out now.
Having looked at millions of charts over the years, my eyes have become pretty good at spotting patterns, including those that would be invisible to saner people. One example is Eastman Chemical, which is sporting what I consider a pretty impressive diamond reversal pattern:
Here’s today’s swing-trading watch-list:
Long Whole Foods Market (WFM)