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.
Russell 2000 Resistance
The small caps have been banging around their range ever since they entered it on January 18th. We are getting close to the top of that range. I would point out in particular the blue trendline; any surviving bears out there do NOT want to see price levels cross above that line (please take note of the bullish inverted head and shoulders pattern which is within the range right now, although these have been flame-outs so far this year).
Mrs. Cramer’s Baconator
No Place Like Homes
Let’s take a look at, until recently, my favorite short – – the real estate fund IYR. I still have a large position on this (June $112 puts) and the analog is holding nicely.
Europa
Let’s jump overseas and look at a few interesting outside-the-US ETF charts.
First up is the Eurozone, which is sporting a massive rounded top pattern. The monster question has to do with those two horizontal lines – – has the bounce stopped, or is it going to keep pushing to the higher line? There’s precious little activity between those two lines, so if this peculiar dose of optimism keeps flowing, we could well ascend to the next horizontal (at which time things would more than likely cease climbing).
