My “old faithful”, the Dow Utilities, continues to behave beautifully. The crossovers are picture-perfect, and the breakdown of the major ascending trendline is absolutely key.
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.
Real estate has been exploding higher for months now. Many real estate markets completely dwarf their peaks during the so-called housing bubble of 2007 (so-called because it’s nothing compared to right now). I would suggest watching this horizontal as a turnaround point.
Today is the “big day” of the week, and probably the month. My main concern is bonds, which I am short for the long-term (January 2019 puts). The /ZB certainly seems coiled for a potential move higher, which I’ve tinted, but as long as it is repelled by its broken trendline, as it has in the past (arrows), I’ll be OK.