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.

Has The Market Crash Been Put On Hold Again?

By -

By Avi Gilburt, ElliottWaveTrader.net

Last weekend, I wrote an article entitled “The Market Is Going To Crash.” The response to that article garnered over 55,000 hits on Seeking Alpha, which is about 4-5 times the reads that I normally get on a stock market update.

This gives me anecdotal insight into where the overall sentiment is in the market today. It seems most investors are leaning quite bearish, and are looking for articles that support their own bearish bias.

And, as I noted last weekend, I am sorry to disappoint all of you who have a bearish bias. You see, the market is likely going to be heading over 3000, and potentially even over the next 12 months.

While I am sure you were taken in with the common expectation that the President’s abandoning the Iranian deal was going to tank the market, it seems the market never got that memo. Yes, we have yet another reason the market has ignored while it continued to climb higher. At this point, you would think that investors would be used to this if they have been paying attention in 2016 and 2017.

(more…)

Israel’s Tel Aviv 125 Index Poised for a Rally

By -

As Israel prepares for the relocation of the US Embassy from Tel Aviv to Jerusalem on Monday, the Tel Aviv 125 Index (TA125) appears to be poised for a rally.

Price closed on Friday just above major support of 1325 and is trading in between the 50 and 200 moving averages, as shown on the following daily chart.

A break and hold above the 50 MA at 1337, along with a rise in the RSI above 50 and further strength in the MACD and PMO indicators, could see price retest 1400, or higher. The higher swing high on the RSI is hinting of further strength. If such a scenario were to materialize, it’s important that the 50 MA remain above the 200 MA, lest we see a bearish Death Cross form, followed by selling. (more…)

Still Only 1 of 3 Macro Amigos to Destination

By -

It’s the happy-go-lucky 3 Amigos (in play since we began this goofy metaphor last fall), which would signal macro changes to come. When you are talking about the macro however, things move slowly and to date, only one of our riders has made it to his destination.

To review, they are Amigos 1-3, Chevy, Steve, and Martin.

  1. Stocks vs. Gold
  2. 10yr & 30yr Yields
  3. The 10yr-2yr Yield Curve

Below we’ll review a daily (short-term) and monthly (long-term) chart of each to check the status.

Amigo #1: Stocks vs. Gold

We noted Amigo #1’s eyes closed as stocks vs. gold took a big plunge in early February and again in March. This has actually set a lower highs, lower lows downtrend in 2018, and the swings have been very dynamic. Right now we are on an up swing and if you are a gold bug and this ratio rises above the March high please prepare to take caution, as the macro would be moving against you, at least relative to risk ‘on’ assets. But for now the lower highs and lower lows daily trend is intact. (more…)

Do NOT follow this link or you will be banned from the site!