Yesterday evening, the latest monthly manufacturing data came out from China, and even with their blatant fakery, China wasn’t able to conjure up anything except for a 14th consecutive month of contraction (image from ZeroHedge):
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.
Not a Half-Bad Guess
Back on February 11th, which feels like about twenty-six years ago, I wrote up this post and made the following prediction for the Yen:
Swing Trading RLGY XYL WLK MS
In Case You Were Wondering
I was already short the miners, but I’m just going to increase my exposure based on this…….
Backtest and Fail
Yesterday went almost entirely according to plan. All the short term buy signals that fixed on Friday afternoon made target, and SPX tested the broken H&S neckline and the 50 hour MA at the high. Where SPX went off script was the close slightly above the daily middle band, which caused some technical damage that needs to be repaired by a decent close back below the middle band today. At the time of writing that looks likely. SPX 60min chart:
