GDX managed to hurdle over a resistance line that I thought would give it some serious pause. There are two charts below – one zoomed out and one zoomed in with a relatively more recent trend line. (more…)
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.
Thought Experiments
Before I get going describing my thought experiments, I feel I should admit to a couple of failures. In earlier posts, I had made the claims that GDX would not fall below $26.31 and that gold would not trade below ~$1250. I was wrong on both counts, so please take my musings below with a nice pinch of salt. (more…)
SP500: Trading Range Before The Plunge?
Until the analogy with 2011 is invalidated, I’m going to operate under the assumption that we still have ahead of us a high-volume hammer candle on the weekly chart. I’ve marked up a few things in the SPY chart below as guidance on what we may expect: (more…)
S and P Prediction: Dancing With Mrs. Consolidation Before The Plunge
First: Hope everyone had a happy Father’s Day!
For the full post, please go to http://protectedreturns.blogspot.com/. I am also running a huge promotion there for my premium site (only $5/month for 2 months!).
Markets
As I have mentioned a few times before, the nature of the market seems to have changed from bouncing off of the 50-dma on the daily chart to whip-sawing back and forth with no sustained breakout from the bounce. I have illustrated this in the chart below and discuss its implications following the chart. (more…)
GLD: Thou Shalt Not Bounce (Yet)
Complete post is available at http://protectedreturns.blogspot.com/.
GLD. That gold and the dollar are inversely correlated has been known and is supported by economic theory (bleh…ghey?). Below is a bar chart of GLD, with the $USD in black. I drew a purple line at the bottom end of the volume pole, falling through which could be achieved readily. The blue line is an interesting trend on the dollar that I chanced upon. (more…)
