Commodity Sector Failure
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.
China Markets Plunge
Here’s a snapshot of CNBC’s world market heat map as at 1:25 am ET Monday February 03.
North and South American markets are still closed from Friday. Of particular note is China’s Shanghai Index (SSEC)…down 8%…presumably on worries related to the coronavirus.
Four Hour Check-In
Good morning, Slopers, and welcome to a new week, and a new month. If I was going to summarize my entire disposition toward my portfolio, it would be “Probably going to suffer a bit, but generally holding fast.” In other words, January was fantastic, particularly that last day, but the hundreds of billions of dollars of free “money” from central banks that have been announced will probably be able to prop things up for a bounce.
Having said that, let’s stroll through a few charts based on four-hour bars. That gives us a somewhat close-up view while still providing some medium-time perspective.
(more…)Money Flow Flip: SPX vs GOLD vs OIL
Further to my post of January 9, GOLD is poised to take the lead away from the SPX in terms of safe-haven money flow, while money has been fleeing OIL.
As shown on the following monthly comparison chart of the SPX, GOLD and OIL, the Balance of Power has shifted from buyers to sellers in the SPX on this timeframe.
For clues as to further weakness or strengthening of the SPX, please refer to my comments with respect the SPX:VIX ratio in my last post, which hints of further weakness. Furthermore, January’s candle formation on the SPX is a shooting star, also a bearish signal in the longer term.
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