Here’s your swing-trading watch-list:
Short AES Corp (AES)
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.
The Path More Travelled
Well here we are. The rising wedges from the February low on SPX, RUT and NDX have all broken down now, and today is the first trading day of the most historically bearish part of the year running through to the end of October. Most of this week leans bearish historically as well, apart from today, with Dow up 13 of the last 18. With Friday closing on multiple short term buy signals I’m looking for rally today and maybe tomorrow, and for the downtrend to resume after that. Tuesday and Wednesday are the cycle trend days this week and at least one of those should be a trend down.
Crude’s Uptrend
As a new month begins, the standouts continue to be precious metals. Gold and silver have been so much more consistent than bonds, equities, volatility, or just about any other financial instrument, that it’s no surprise sentiment is so strong.
I’m more focused on crude oil, which has taken on a role every bit as powerful as central banks in determining confidence in equities. It’s been steadily uptrending for months now, making the tinted series of higher lows, but watch that red line I’ve drawn. Crack that, and you could have a trend reversal on your hands.
Crafty Conspicious Consolidated Currency Calculation
Contrary to what many malicious morons maintain, The FED is not made up of irrational, unintelligent, completely clueless policy makers who have utterly no idea what they are effecting. Let’s get real, they certainly realize exactly where their pernicious preconceived monetary programs are ultimately taking us.
After all, understanding the ramification of their mad money machinations is not rocket science. Flagrant faltering financial and economic signs are everywhere to see for anyone who is actually looking. Of course, issuing never ending streams of debt to solve an already out of control debt problem is visibly not a viable solution. They entirely recognize this, a nursery school child could for Pete’s sake. (more…)
