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.

What Does Dr. Copper Signal For Global Markets?

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The following monthly chart of Copper shows that price is hovering above the apex of a very large long-term triangle.

Since early 2018, it hasn’t been able to break out above the upper edge of this triangle, confirming the weakness that we’ve been seeing in global markets, to date. My last article summarizes this weakness in a nutshell.

I’ve shown the Rate-of-Change (ROC) and Average True Range (ATR) indicators in histogram format with an input value of one period. I’d watch for a series of larger spikes on each to signal, either serious and sustained buying, or a plunge to further lows (as another gauge to track global market strength/weakness). Otherwise, continued smaller spikes would accompany more range-bound, tepid trading in Copper, as well as global markets, in general.

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Trade War Battles Escalate As The Alligator Bites

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My post of July 14 discussed the trade war between China and the US and the effects it was having on China, in particular. Since that date, I added several important updates on that post, which are definitely worth reading…the latest one was earlier today (Monday).

The following World Stock Markets heat map shows the major losses incurred by world markets at their respective closes today…not a pretty picture.

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Market Battle Fatigue: China Versus USA

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There have been numerous reports of an economic slowdown (and even contraction in some sectors) in China, one of which describes those in detail at ZeroHedge. While some of China’s difficulties may have been exacerbated by a fairly recent trade war with the U.S., it certainly didn’t start them…other factors were already in play and bear responsibility for its inception, as explained therein.

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SPX: Trade With Caution

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Isn’t it amazing what Central Bankers can do for markets. Case in point is this compressed view of the S&P 500 Index (SPX) in “area” format (monthly chart below). It’s virtually been on a tear since the bleeding from the financial crisis of 2008/09 was abruptly halted with their intervention and injection of monetary support, and it hasn’t had much of a correction since then, relatively speaking.

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Alligator Crossing Awaits U.S. Markets In Mid-2019

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The Dow 30 (YM)S&P 500 (ES)Nasdaq 100 (NQ) and Russell (RTY) E-mini Futures Indices are in danger of being swallowed into their respective moving average “Alligator” formations (where the moving averages are offset into the future), as shown on the following daily charts.

If price is engulfed within and falls below these formations, we’ll see high volatility and wild swings ensue, with a possible correction in equities.

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