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 on Alcoa (by Mike Paulenoff)

By -

Let's have a look at the BIG picture chart analytics of Alcoa (AA) ahead of its initiation of the new earning reporting season starting tomorrow evening after the closing bell. I post the AA chart analysis merely as a way to gauge expectations in an otherwise very uncertain environment. Let's also be aware that earnings are one thing, but guidance once again might be the major challenge for investors during the upcoming weeks.

Purely from an intermediate-term technical perspective, if the chart work is telling us anything about the likely reaction of investors to Alcoa's earnings report after tomorrow's close, then the July-Oct set-up points to upside continuation to 13.05/10, and possibly to the 14.00 area in the hours immediately following the announcement. Only a sustained break beneath 11.80 will invalidate the current technical outlook.

Kab5RlDV4
Originally published on MPTrader.com.

Chart on Gold (Mike Paulenoff)

By -

Spot gold prices rocketed again in overnight trading, reacting to Bank of Japan's renewed ZIRP as a cue to investors to get out of very low or no rate of return investments into riskier ones! Gold certainly qualifies and also satisfies the desire to protect against an inflationary shock that likely is the light at the far end of the "tunnel," as well as against domestic and global political instability.

My intermediate-term work points to $1350/80 next, which is just 2%-4% above current levels and just might represent a minor target in a price move that appears to be picking up "parabolic" type pattern momentum. At this juncture, only a decline that breaks $1280 will begin to compromise the powerful upside assault of gold prices.

CXhcrtQjF
Originally published on MPTrader.com.

Chart on Citigroup (by Mike Paulenoff)

By -

The chart pattern in Citigroup (C) has the look a price structure that's on the verge of thrusting to the upside to enter a secondary powerful upleg off of the low at 3.63. The optimal swing target is 4.20/22, and an outside target zone is 4.38-4.44 thereafter. Only a decline that breaks 3.89 will compromise the current bullish set-up.

6mLaNILdM
Originally published on MPTrader.com.