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.

Euro Weakness (by Strawberry Blonde)

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At the time of writing this post in afternoon trading today (Thursday), the EUR/USD Forex pair is down around 112 pips and up a bit from its low of the day, which is fractionally below the upper 1/3 Fibonacci retracement level at 1.3372, as shown on this Weekly chart below.

The next level of support is further down around 13255ish at the former large "diamond" apex. A close below today's low of 1.3369 may send it down to that level, or lower, depending on the markets' risk appetite (or aversion to it) at the moment, on the heels of ECB Chairman Draghi's pre-market press conference today.

 

“Canaries” Look Tired (by Strawberry Blonde)

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I last wrote about what I call the Fed Monetary Stimulus Program "Canaries" in my post of January 11th. I have six of them…namely ETFs compared (by ratio) with their respective Stock Market Index. I chose these in order to determine relative strength/weakness, which may hold clues for further accumulation of riskier assets. At that time, five of the six were poised for a breakout above major resistance levels, and the sixth (European Financials ETF) was picking up steam and outperforming its Index.

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Money Flow for January Week Five (by Strawberry Blonde)

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Further to my last weekly market update, this week's update will look at:

 

  • 6 Major Indices
  • 9 Major Sectors
  • Ratio Charts comparing the SPX to other Major World Indices

 

6 Major Indices

As shown on the Weekly charts and 1-Week percentage gained/lost graph below of the Major Indices, all but one closed higher on the week than the prior week. Rather than the Dow Transports Index leading on this week's gains (as it has in the past few weeks), it was the one that lost a minor amount. The Nasdaq 100 gained the most, and the Russell 2000 gained the least.

 

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