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.
Swing Trade MTOR, AAL, MGM, XPO, JEC
Remembering Happier Times
Sigh. I’m feeling sentimental, so I thought I’d put up some bear porn and share the first ten minutes of the Nightly Business Report from October 19, 1987. A similar drop today would be about 4,000 points off the Dow in a single session. These days, a 1% drop in the market causes the government to freak out and just throw another trillion dollars of “money” at the market. How I miss days like these…………enjoy! (and take note of all the sponsors of the show which don’t exist anymore):
Precious Metals on the Move
Both Gold and Silver are on the move higher today, with some tailwinds from a considerably weaker USD, precipitated mainly by weaker than expected ECO Data from the ISM Non-Manufacturing Data, on the heels of a disappointing Jobs Report.
Let’s notice that Gold is approaching a test of its August resistance line, now in the vicinity of $1346/47, which if hurdled, should trigger upside continuation that tests the July resistance line, now in the vicinity of $1355. Meanwhile, relatively strong Silver continues to lead the charge near term, and points to a challenge of its July-August resistance line, at $20.30 next.
