The DUST saucer has been roaring higher, and its little brother JDST looks ready to do the same. It seems hard to believe, considering how trashed gold miners have been for seven years, but………..a saucer is a saucer:
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.
Monday’s market wasn’t exactly a hallmark of dynamism, so I don’t have any particular these to write about. I’ll just share a couple of charts that I found intriguing.
The first is emerging markets, which has been persistently bearish all year. Just look at those lower lows: not a single violation! It seems to be approaching some form of support. A failure at that level, where the lines converge, would set us up for a new phase lower.
Let’s face it, I don’t make many long suggestions on Slope, but ROKU has been an exception. This just keeps on doing what it’s supposed to do.
Today started off super-rough, but by the closing bell, everything was solid. This is quite peculiar, because the market itself didn’t change that much during the day.
I’ve become kind of Slope-obsessed lately, so you’ll continue to see improvements both on the site and on the products therein.
From The Director: Tim and I are starting a new work on using options pre earnings to maximize the value of your options training. For these, we are utilizing Slopecharts to examine the relative price action prior to options activity. We are also backtesting our hypotheses into CMLViz, which is a great tool to help examine the promise of your options strategies. Please check it out here.
If enough interest we hope to offer a regular service and additional charts, depending again, on interest.
First, we take a look at MU (Micron), having earnings on Sept. 20th.
Good morning, everyone, and a happy new week to you. And, unlike last week, we get a full five days out of this one. This is one of those stretches of the year (from now until Thanksgiving) when we won’t be interrupted with any more holidays.
It’s pretty much “green on the screen” pre-open today, with the ES, NQ, and crude oil all up about half a percent or so. It wasn’t exactly a news-rich weekend, and the first couple of trading days this week are devoid of anything substantial on the schedule.
The ES, shown below, continues to march higher. The only point of concern for the bulls should be that modest failed right triangle I’ve drawn. And I emphasize “modest”. The supporting uptrend is quite clearly intact, and I think it’ll take another shock-events, maybe from the world of the China/US trade war, to rattle things up again. (more…)