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.

Small Cap Channel Broken

By -

So……..is that it? Is the all-clear siren wailing? Has the third missile scare come and gone without a trace?

Figures.

Anyway, I’m typing this before the open, and it’s dullsville again. Equity markets are somewhat positive, and crude continues to have the jitters as Irma roars through the Caribbean.

My main focus is on the small caps, as illustrated with the IWM below. They have been in a strong uptrend ever since the February 2016 bottom, but that broke at the start of last month. In the past few weeks, there was a powerful counter-trend rally, but that may have snapped yesterday with a big bearish engulfing pattern.

This morning, naturally, we’re getting some fight-back from the bulls, but keep your eye on  the longer-term picture.

0906-IWM