Huge week for economic data, with the VP Debate on Tuesday evening as an added bonus.
Into October We Go
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.
Golden Stretch
I’ve been delighted at the ascent of precious metals lately. However, I think it’s awfully stretched at the moment, so I’ve put in a short-term trade (November puts) on GLD in anticipation of a retracement of the gold futures back down to its 50-day moving average.
Hello, Shooting Star!
I was struck, while reading the latest Elliott Wave International Update, how despondent those chaps seem. I’ve read their stuff for many years, so I tend to know their tone and style, and they’re seriously in F-It mode at this point. I can understand why, as my white flag a few days ago illustrated, but I must say, I was impressed on Friday evening to see something on the Dow I haven’t seen in ages: a very well-formed shooting star candlestick.
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Gas Cycle Burning
Although I sold my BOIL a while back, I still look at it, and natural gas, at least once a day. That extremely long-term cycle pattern is still holding sway, and I point it out only because it’s the only powerful cycle I think I’ve ever seen on any chart.
Foreign Adversaries
The past week was all about China, and their pathetic efforts to goose their stumbling, debt-ridden Communist economy. It worked, to be sure, for the few days they were pumping the hell out of it, but I would like to point out the relative position of the emerging markets fund over the past few years.
