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.
There has been such focus on trying to understand how shallow or deep the upcoming correction might be, I thought I’d jump into the fray of prognostications.
The whipsaws that are occurring on a daily basis in the indexes is more reminiscent of a top formation rather than a normal, mild correction. Time will tell of course, but we can look to the charts to see how far of a fall we can expect if there is a draw down ahead. (more…)
It has been a little while since I’ve done a post here, but the returns in the model portfolio have been steadily rising. We are now up 8.4% since February.
With gold finally waking up over the last couple of days, I thought it was high time that we checked on the how GDX was doing technically. Specifically, I wanted to figure out what the chances were for further downside movement, or whether GDX had formed a bottom and it was time to jump in. (more…)
Since Tim talked about precious metals, specifically the kooky idea of going long them, I thought I would do a follow-up to the volume hole entry SLV made a few days ago. My expectation at the time was for further declines, possibly down to $17.50. Well, Mrs. Market promptly slapped me upside the head with today’s surge across everything precious of the metal sort. I was stung enough to return to the chart and see what near-term outlook presented itself. (more…)
This post may draw the ire of precious metals trumpeters on Slope (ahem – “Kooks” – editor), but silver looks exceedingly vulnerable to me here, at least in the intermediate term. It has already slipped off the small volume pole that was holding it around $22.50 and is now solidly in a volume hole. I don’t see much stopping SLV from getting down below $20, at which point it will find a home in the $17.50-18.50 range for a bit. If it slides off that pole too, we will hear a collective liquid metal scream.
What would give me pause is that SLV is well into oversold territory on the 5-day RSI and also on the 14-day RSI. There is little to stop this from getting down to $17.50-19.80, however.
Hello fellow Slopers! I have been a longish-time lurker (about 4 years now) and was recently anointed by Knight Tim to contribute by writing articles. Since this is virgin territory for me on SoH, please be kind, gentle Slopers.
I have been playing SQNM for a quite a while and published some fundamental analysis here here and played its earnings here here for a nice meal. Now I’m going back to the same trough to pick up some more scraps. (more…)