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Slope of Hope Blog Posts
This is the heart and soul of the web site. Here we have literally tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. You can also click on any category icon to see posts tagged with that particular category.
In sharp contrast to the likes of, say, small cap equities, one financial instrument which has been reliably sliding, week after week, month after month, continues to be the emerging markets bond fund. I have managed to lay out five successive horizontal lines indicating its diminishing levels of price resistance (typically based on a gap down).
If you think I ever stop thinking about Slope, just look at the side of my pool. As I am doing laps, whenever I have an idea, I grab a chlorine tablet and scrawl it on the side. By the end of my little workout, I’ve usually got a bunch.
I realize the markets are surging (ES up 21 and NQ up 50 as I am typing this), but in the spirit of selling into strength, I wanted to share the real estate ETF below. Take note of recent commodity channel index action and what kind of moves have taken place in the past. My view is that rising interest rates are not going to be a boon to real estate.
Considering how much unintentional excitement I’ve had over the past 72 hours, I’m glad it’s a boring market day. Indeed, it’s like watching paint dry. “Old faithful”, the emerging market bonds fund, is down, even on a day like this. It seems ambitious, but I’ve laid down a target low for this pattern. It’s been rather breathtaking how reliable this short position has proved itself for months now.