I had an intermediate buy signal trigger on the gold miners a couple of days ago so here are some candleglance charts (that are optionable) showing some quick scribbles of what I mentally see on them when I look through them taking notes. Some of them have already had some major moves, but there are still plenty of opportunities that are still basing. But bear in mind that those charts that have already moved hold the strength vs their peers, so any pullbacks in the strong ones should be good long bets going forward. (click to enlarge). (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.
Likely Breakaway Gap over Resistance
This has been a strange week, particularly yesterday, but direction should become clear this morning, and unless the bears can dominate the first hour enough to fill the (currently +17) opening gap, then that direction is likely to be up to pattern targets starting in the 2067 area.
The situation here is unusually complex, but I’ll break it down into the component parts to explain it. The bigger picture is of course the rising wedge from the 1820 low that broke down on Tuesday. Now the first thing I look for when a wedge like this breaks support is a topping pattern, generally either a double top or an H&S. I wasn’t looking for one here because there is already a very decent quality double top formed here, but it seems that we may well be about to retest the highs in order to form another (smaller) double top here as well, or (less likely in my view but worth bearing in mind) to break up from this rising wedge with a target somewhere in the (cough) 2350 – 2400 area. SPX 60min chart (more…)
Real Estate Bottle Rocket
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…)
The ECAT Revolution
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.
On October 8, 2014 a group of scientists published a paper where they report the results of a 32-days test of the ECAT reactor by Andrea Rossi. (more…)
