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.

Gold Leading, Silver Following (by Mike Paulenoff)

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The most conspicuous aspect to the enclosed daily iShares Silver Trust (SLV) and SPDR Gold Shares (GLD) patterns is the relative lack of near-term resistance in the latter compared to the former.

Purely from a technical perspective, the GLD has hurdled key near-term resistance at 164.70 and should be on its way to filling the down-gap area created on Sep 22-23 up to the 169 area. Let's also notice that the GLD is trading above its rising 200 DMA, and above all but its declining 50 DMA shorter-term MA's.

Meanwhile, the SLV has much more serious resistance headwinds between its near-term upside breakout plateau at 32.00 and 33.80.

Right now, gold is leading, silver following.

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Originally published on MPTrader.com

SPY Lagging Q’s (by Mike Paulenoff)

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Let's notice the relative weakness of the S&P 500 Depository Receipts (SPY) in relation to the PowerShares QQQ Trust (QQQ), exhibited by the juxtapostions of their trading moving averages.

The QQQ has found support at its fastest, upper-most moving average, while the SPY has violated its most "bullish" moving averages, and has spent the last few hours probing its middle postion moving average. The fact that big technology names such as Apple (AAPL), Amazon (AMZN), Intel (INTC), Cisco (CSCO), NetFlix (NFLX) and others are positive today in contrast to the banks and the industrials, which are heavy, accounts for difference.

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