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.

Chart Analysis on EWH (by Mike Paulenoff)

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All of the action in the iShares MSCI Hong Kong Index (EWH) from the November 8, 2010 high at 20.24 into the March 17 low at 17.63 has the right look of a completed major corrective period.  If accurate, that means that all of the action since March 17 (at 17.63) is part of a new upleg within the dominant, powerful uptrend.  Last Thursday's low at 18.79 ended a minor pullback ahead of a thrust that should confront the November 2010 to May 2011 resistance line, now at 19.56.  If hurdled, this should trigger upside follow-through to new highs.

Only a decline that breaks last Thursday's low will begin to compromise the timing of the anticipated next unplug.

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Originally published on MPTrader.com.

Patterns in Ford and GM (by Mike Paulenoff)

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Last week we discussed for subscribers the patterns unfolding in Ford (F) and General Motors (GM). With regard to Ford, we noted that the current outlook could press the stock into the 15.20-14.80 buy window, ahead of a powerful rally that should propel Ford through key resistance at 16.00-16.50 on the way to 18.00.

While Ford proceeded to move as we anticipated, GM exhibits a more powerful near-term technical set-up. We noted last week that the current rally should run to around 33.00 prior to a pullback that will be THE buying opportunity for the remainder of 2011. That "buy window," we said, projects into the 31.60/20 prior to the anticipated powerful upleg towards 36-plus.

With today's spikedown to 31.49, followed by a strong $1.00 recovery, the optimal pattern in GM appears to be in progress so far.

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Originally published on MPTrader.com.