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.
We may be through with the past, but the past isn’t through with us.
I’m a big fan of history, and although I’m not a trained historian, I wrote a book about history through the lens of financial markets called Panic, Prosperity, and Progress (which has 22 reviews on Amazon, averaging 4.9 out of 5 stars………..so it can’t be that terrible). As part of this, I enjoy thinking of the arcs of history, particularly financial history, and anticipating where we might be going. This post is just such an exercise.
Note from Tim: Dutch originally wrote this post a few years ago for the blog, and he asked me to dust it off and repost it. So here ya go:
This post may offend many and that is not its intention. This is a think piece I have been formulating in my mind for quite some time now. Its purpose is to get you to think about your trading methodology(s) and setups in a critical light.
To my way of thinking, traders who utilize technical analysis all fall into three broad groups (traders who use purely fundamental analysis are excluded from this type of grouping).
The Prognosticator (more…)
Although the Dollar Index (DXY) is up today, the Dollar is down vs Yen.
The big-picture chart below shows the toppy pattern that developed in the USD vs YEN during the May-Aug timeframe, which has been followed by a spike down, and “bearish” consolidation period that appears to be nearing completion.
If that proves accurate, then USD/YEN should roll over hard into a nosedive that revisits the Aug 24 low at 116.13.
Only an upside reversal and climb above 121.10 will begin to neutralize my current outlook.
Remembers BRICs? Seems quaint now, doesn’t it? Because the “B” part of that acronym – Brazil – looks like it’s heading straight for complete cataclysm, and the country’s ETF below simply cannot find a bottom. The only winners are Americans with their sweet, sweet dollars who want to head down to Rio to see what that can buy on the cheap.
Here’s today’s swing-trading watch-list:
Short Applied Materials (AMAT)