Silver has been battered in the last 6 days, together with Gold, 6 days down in a row. It is not impossible to see it going lower, but once a price move overshoots in one direction at one point it stops and it retraces back. This is the core of our analysis: to identify through a statistical complex model where the ride ends, where a market reaches the limits of its current price move and reverses (sometimes temporarily) its trend direction.
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.
The table below is part of a service that we offer to our paying subscribers and it shows a comparative view of the number of consecutive price closes in the same direction, across 3 time periods: DAILY, WEEKLY and MONTHLY, for a number of ETFs, Futures, FX Spot and Indices (the complete coverage list can be found on our website).
Babe Ruth certainly need no presentation, but what needs presentation is the “Babe Ruth Effect” which is a nickname that some bank analysts gave in the early 2000s to a classic goal of many investment managers: hitting a home run.
It quickly became the wet dream of many retail investors as well: pick the new Microsoft, or the new Google (or the new Amazon, as of lately) but also some well-researched market theorists like Nassim Taleb fell for the same idea, that what matters is to make one big home run on the right trading idea or investment, and you will make a kill and be set for life.
For those that are inclined to believe that the current Oil recovery has some more room to go, a quick LONG trade (buy the dips) on USO, the levels to trade LONG are those indicated, start your accumulation from 14.39:
One thing I have always admired (and envied) in our host, it’s his top class ability to summarize clearly a trading idea in one single clean chart, so today I am going to make an attempt at copying Tim, to suggest that ES is now a WEEKLY SHORT trade (the rationale behind this setup IT’S NOT IN THE CHART HOWEVER, it was explained 2 days ago in this post).