The correlations to trading the market were too good to miss on this video. Enjoy!
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.
Closing the Year-End Gaps
Lots of damage in bear-world, of course, but there are still glimmers of potential reversal, such as small caps……..
Major Resistance for Gold Sector
The gold/silver sector has had an amazing 2016, having more than doubled in the span of about three months. I shorted GDX yesterday, however, recognizing how close it was to major Fibonacci resistance (see tinted green below). I think, long term, precious metals could still have a terrific future, but at the moment, some of the air has to come out of these tires.
Testing Major Resistance With Sell Signals Everywhere
As expected all three of SPX, NDX and RUT retested the highs yesterday and made marginal new highs. RUT has now made the ideal target area, though if possible I’d like to see a marginal new high in RTH this morning two handles higher. This is a major resistance test with big implications if we should see a break through it. RUT daily chart:
