Commodities – Page 81 – Slope of Hope with Tim Knight

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.

Going Long the Euro

By Tim Knight - 13 years ago (18, May 2012 9:38:03 AM)

Well, given my disposition, this is a "man bites dog" kind of post, but I've put together a large long position on the Euro via FXE, and I've also got a long position on crude oil (USO) for the ride. These items are, errrr, not much affected by Internet IPOs, and I think it's high time for a nice bounce.

I assure you, my ultimate goal is to short the bejesus out of everything in sight once we get a substantial lift in commodities. Until then, I want to try to benefit from some of the "extraordinary measures" that are bound to be taking place soon.

Cycle Bottom in Gold (by Mike Paulenoff)

By TheTechTrader - 14 years ago (17, May 2012 3:54:15 PM)

Keep in mind that today's spike upside reversal in gold comes 3-4 weeks prior to my expectation of a cycle bottom, and that under normal circumstances such a situation would argue for another loop down to revisit the $1530/25 area after this initial recovery rally period.

Originally published on MPTrader.com.

Climbing Dollar’s Impact on Commodities (Mike Paulenoff)

By TheTechTrader - 14 years ago (14, May 2012 11:40:09 AM)

Originally published on MPTrader.com.

More Bearish Charts (by Springheel Jack)

By springheel_jack - 14 years ago (11, May 2012 5:55:08 AM)

Well I said yesterday morning that the key to the day on SPX was the 1365.74 level, and the HOD was 1365.88. A marginally higher high but nothing worth writing home about. Declining resistance was pinocchioed but held on the SPX 15min chart, and unless that can be broken today in the 1360-1 area the bulls have nothing:

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Bounce Targets (by Springheel Jack)

By springheel_jack - 14 years ago (10, May 2012 6:13:08 AM)

SPX came within three points of hitting the 1340 level yesterday, but short term this looks like a bounce area. On the SPX 15min chart there was clear positive RSI divergence at yesterday's low, and the primary target for any bounce is the possible IHS neckline at 1365.74 and declining resistance from the high in the same area. If that is broken there is another possible IHS neckline at 1373.91:

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