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 TLTs (by Mike Paulenoff)

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Let's have a look at the pattern that continues to unfold in the iShares 20+ Year Treasury Bond ETF (TLT). Very interesting and tricky set-up in the TLTs now. Let's notice that it plunged to new lows at 100.85 for the decline off of the 8/25 high at 109.50 and in so doing has broken the Apr-Sep up trendline at 102.15 (for a second consecutive session).

While my pattern work argues that the downmove is nearing or at completion in the 101.00 area, the TLTs must reverse and climb back above the breach-point of the up-trendline — at 102.15 — to confirm that a significant corrective low has been established. Within the next couple of sessions, the TLTs had better start showing some life on the upside to confirm what my work is telling me could be a powerful upside recovery towards 106-plus.

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Originally published on MPTrader.com.

Chart Analysis on GLD (by Mike Paulenoff)

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Earlier today gold and the SPDR Gold Shares (NYSE: GLD) hit a bit of an air pocket which I suspect should be attributed to the comments by hedge fund legend George Soros about gold being the "ultimate bubble." That aside, let's notice that the "Soros Swoon" managed to find support at an important near-term point-and-figure breakout plateau at 123.40 in the GLD.

As long as the 123.40/20 area contains any forthcoming weakness, the very near-term upmove off of 121.00 will be intact and will point higher towards a hurdle of 124.40 en route to 126.00 immediately thereafter.

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Originally published on MPTrader.com.