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.
Following is a reprint of the latest free eLetter that you can sign up for as an introduction to Notes From the Rabbit Hole (NFTRH), our more in-depth market management service.
Big Picture Gold Sector Update
On shorter time frames the gold sector has been viewed as being on an ‘anti-USD’ inflation bounce. This bounce scenario in gold stocks and commodities took a hit last week with the US dollar’s strong bounce.
In NFTRH we are managing things on both short and long time frames, with the short-term currently tied to movements in the USD. On the long-term however, things appear to be setting up for the next big macro play. The following charts are used for big picture updates to give perspective to the shorter-term work we do each week in NFTRH.
Gold Sector Update (Big Picture) (more…)
With all the grumbling and grousing I do here, I thought I’d share a feel-good story I happened upon last night. It’s about the Hershey Company. Specifically, it’s about a secret arrangement the founder of the company made to help orphans. As revealed on Wikipedia: (with some boldface emphasis by me): (more…)
Well, we have an awfully boring market day on our hands. As such, I thought I’d share a boring (in a good way) short that is very easy to maintain: I just tighten up the stop a little each trading day. Good old Alcoa (symbol AA), and its wonderful analog:
I posted the chart below on Friday and support on this rising wedge held through to the end of the day. Whether it holds this morning may well decide the week. SPX 15min chart: