Instead of taking the easy way out and doing a video, I’ve gathered up thirteen important ETFs in chart form and will say a few words about each one. As always, you can click on any of these charts for a screen-filling version. We begin with commodities, which had an incredibly important week since it finally (finally!!) completed its right triangle top pattern. What a beauty! And, as with so many equities and ETFs after this week, there is a plain-as-day gap to use as a resistance anchor point.(more…)
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.
The Target is Set
As I mentioned last post, I dropped to my knees, thanked my lucky stars, and eased back on positions. Here is my present positioning:
- 25 bearish positions
- Increased cash from 0% to 20%
- Salty as hell
The easing back comes from two places. One, spending the weekend scared to pieces about what today would bring, and grateful to have less risk on, and two, cognizant of the CPI report in the morning and not wanting to get unexpectedly run over. The point is that my nerves have had their fair share of strain over the past 48 hours, and I’m giving myself some peace.
Although I reduced it a full 50%, my EFA short is still my biggest position, and the top has completed nicely with a gap this morning to boot.(more…)
ETF Short Cuts
Let’s take a look at a few ETFs before we begin what is guaranteed to be a very interesting week. We start off with the commodity fund DBC, which has been teasing a breakdown for months now. Break horizontal, and it’s bombs away. The one commodity that could make this happen most dramatically is crude oil.(more…)
Health Care ETF (by LZ)
Real Entry Point
The nauseating strength the market has shown since October 13th is well expressed by an industry that is running headlong into disaster: real estate. The ETF for this, IYR, has been a persistent favorite of mine, and price action is now butting right up against important resistance.(more…)