Below is the real estate fund symbol IYR. About a month ago, it was repelled beautifully by the two drawn objects: one, a major Fibonacci resistance level, and two, a long-term descending trendline. It has fallen hard since then, as God intended, and now it is even breaking the next Fib lower, suggesting the prospect of moving into an even lower range, which I’ve tinted.
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.
Global Export Power Shifts
As always, a mesmerizing tidbit of historical financial information:
Tesla, Now and Then
Back in 2020 and 2021, Tesla set the world ablaze. The stock went up hundreds and hundreds of percent, making Elon the richest man on the planet, and the entire stock market fell in love with the man.
(more…)Energy ETFs Lose Support
Time to Buy the Miners?
We are approaching a major trendline, which may offer a short-term long opportunity for both the precious metals mining ETFs.
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