I am delighted earnings season is upon us, because it’ll help some reality actually show through the cracks of this totally fake, artificial, Fed-driven lie that we’ve been living through for the past decade. People can just start to see how bad things really are, at least until that self-serving prick Jerome Powell leaps back again to protect his centimillion-dollar fortune. The TRANSPORTS are a nice example of this. Yesterday’s breakout was a total fakeout. We’re all doomed. It’s just that no one realizes it yet.(more…)
Slope of Hope Blog Posts
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Since I’ve been understandably distracted the past week, I didn’t really get a chance to take a hard look at charts until well after Friday’s close. To some degree, I was shocked at just how persistently strong things remain. This is not across the board, however, so I wanted to break some representative ETFs up into some appropriate groups, going from strength to weakness.
The most “bears might as well give up forever” chart I see is the Industrials, that is the DIA “diamonds”. This is a breakout, no two ways about it. Not only is it a breakout, but it is one from a formidable base. Scary.(more…)
I think the graph speaks for itself. This is a beauty, particularly since it got hammered into a bearish reversal on the Powell Put day.
I was playing around with the Future Trend function in SlopeCharts this morning, and the results I was seeing among ETFs was fascinating. Since Future is based on past price behavior, it is very, very, very biased to the upside, because – – in case no one mentioned it here on Slope – – central bankers have firehosed trillions of dollars of “money” at assets for the past eleven years, so things are tilted skyward.
With that in mind, let’s take a look at what is projected. The “diamonds”, the ETF based on the Dow Industrials, looks poised to continue marching in perpetuity. What I find really interesting – – and you’ll see this on many charts below – – is how obedient even future price action is with respect to the drawn objects.(more…)
I gotta tell ya, it’s a figurative as well as literal pain in the butt to try to manage a zillion positions from a tiny laptop with a whisper-thin Internet connection from seven miles above the Earth……..but I’m managing.
Below is a short I just entered: the MSCI EAFE ETF symbol EFA, with a stop-loss at 67.00:(more…)
My real estate shorts are doing well. This is because interest rates are going up due to bonds going down………..(more…)
There has been an interesting reversal pattern with the metals & mining fund, symbol XME. This island reversal was intriguing enough for me to add to my existing short of XME with an updated stop-loss price of 28.05:(more…)