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.

Will FAANGs Bite Back?

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The following daily chart of FNGU shows that price has broken above and retested a downtrend line.

FNGU is an exchange traded note that tracks 3x the daily price movements of an index of US-listed technology and consumer discretionary companies…the index is highly concentrated and equally weighted.

The next major resistance level is around 47.34 (61.8% Fibonacci Retracement level).

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World Money Flow: Oct. Week One

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Further to my post of September 29, this is simply a quick update to show directional movement and money flow for the first week of October for:

  • the SPX
  • the World Index excluding USA
  • the US Dollar
  • 30-year Bonds
  • Gold Futures

In a nutshell, trading was choppy in all of them, but some minor gains were made in Bonds and Gold, while further profits were taken in other world markets.

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A Macro-To-Mini View Of US Major Indices

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Each candle on the first chartgrid of the /ES/YM and /NQ Emini Futures Indices and RUT Index represents a period of one year. (Note that I would have shown the /RTY Emini Futures, but it only had 3 years’ of data, so I’ve shown the RUT instead).

The horizontal white line that cuts through each candle is a one-period moving average (H+L+C). Friday’s closing price on the current year’s candle is above this moving average. They are also above the moving average on both 2018 and 2017 candles. 

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World Market Money Flow: Outlook for 2019 Q4

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My goal in writing this article was to keep it as simple as possible — not an easy task for me as I’d love to delve deep into the minutiae of analyzing a whole slew of my charts, data, and information I’ve assembled over months and, even years — but, for your sake and the sake of reaching a coherent conclusion and forecast for the fourth quarter of 2019, I’ve had to, considerably, whittle down my presentation. So, while looking through my superpower lenses, here goes…

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1600 Gold?

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How about that…since I wrote my post of January 23GOLD Futures (GC) finally hit just above its target price of 1550 on August 26…and it carried on to make a 2019 high of 1566.20 on September 4, for a gain of 21.58% from that date.

The moving average Golden Cross, that had just formed a couple of days prior to that, held, price retested the 200 MA (which is normal after these form), and the formation is still in play, as shown on the following daily chart of GC.

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