Slope of Hope Blog Posts
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There’s an old saying about how the opposite of love isn’t hate………it’s apathy. I guess there’s some truth to that. I’m definitely feeling it now with respect to the equity “markets”. Years ago, I was madly in love with them. These days, it’s the opposite. But I’m not feeling angry. I’m feeling more like this.
Recent trading has kinda pissed me off. On the last day of the year, there was a false bullish breakout (left green tint) followed by a hard break of the triangle (magenta). So far, so good. But in the first trading day of 2018, the ES pushed right back into the triangle pattern and, bang, above it again. I’m typing this on Tuesday evening, so who knows what it’ll be doing by the time you read this. But as I sit here now, I tell ya, it’s a pisser.
From good ol’ SlopeCharts…….
With the US dollar continuing to lose value (just like it did all of 2017), gold, and gold’s miners, are likewise continuing to strengthen. One chart in particular that stood out for me this morning was Yamana Gold, symbol AUY:
With the big surge in Ethereum (my favorite) recently, I thought I’d share some other intriguing crypto setups, courtesy of SlopeCharts………..please note these snapshots were from a few days ago, so you’ll have to – gasp! – actually go look at the chart to see what’s cooking now.