Time for some middle-of-the-night ETF chart musings. The Dow 30 is close – – so, so close – – to breaking its uptrend. Even one modestly weak day would do the trick.
Sliced and Diced
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.
Dr. Strangechart
After a very successful Monday, let’s review seven important up-to-date ETFs.
First up is the Dow 30 DIA. This is pretty much the last man standing. It is the only major ETF that hasn’t broken its March 30th trendline, but by God, when it does, I’ll be sure to mention it. It’s so close!
ETF Review
As we head into the new week, let’s look at the most important ETFs.
The Dow Industrials ETF is in a nearly perfect wedge. It has sustained its uptrend since March 30th, and the only slightly bearish setup is the price gap between Monday and Tuesday of last week which is still itnact.
Swoon Resuming Soon
Keep your eyes on KORU. This buy-fest will be ending before the week is over.
Updating BITI Stop
Now that the very large dividend issued to holders of record on July 1st has been formalized, the chart for BITI (inverse-on-Bitcoin) ETF has been updated too. This is my one and only long position, and I’ve updated my stop-loss price to 25.28:
