Good evening, my awesome Gold and Diamond members. I wanted to do a brief post this evening about this chart:
PREMIUM: Key ES Levels
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.
Above Average
Courtesy of SlopeCharts, let’s take a look at what percentage of U.S. stocks are above their respective 100-day moving averages.
Let’s Go Out!
It seems folks believe that things are going back to exactly how they used to be Real Soon Now. I find this particularly reflected in restaurant stocks. Gloomy sourpuss that I am, meh, I don’t think so. My view is that we’ve simply pushed prices back up to major reversal levels. I offer you the following dark visions of doomed dining.
Brazilian Mornings
I’ve mentioned my 100% commitment in my options account to my October 16 $34 puts on the Brazilian fund EWZ. I noticed something curious last week which another reader wrote me about: this fund’s propensity to shoot up higher in the morning and then retreat afterwards. Even in the past couple of days, we can see this plainly:
Lead Wall for Gold
Sadly, my prediction that 2020 would represent resistance for gold held quite true. We might a nice run at it yesterday, but then – – boing!!
