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.
As the bulls and bears fight it out this morning, I wanted to share with you two simple charts that I think are worth noting. First is the S&P 100 ETF symbol OEX. Please note the yellow tints (as if you’d miss them):(more…)
Just a thought.
First off, a wish to all readers for a happy Memorial Day weekend as we remember loved ones lost in battle and otherwise. Memorial is not a US thing, it’s an everybody thing.
Today we take a look at various markets and assets using daily charts of the associated ETFs.
The real work in determining the state of the markets going forward will be done by evaluating internals measures like sector leadership (e.g. our SOX>NDX>SPX leadership chain), inter-market and inter-asset ratios (e.g. our ongoing gold ratios analysis), macro indicators (e.g. the recent notable drop in inflation expectations) and a whole host of other hidden markers to be tracked and updated (NFTRH is constantly on that job looking forward to the potentials, as opposed to in review or in rear-view). Also, let’s not forget sentiment analysis, which led us to the current correction. It will also come into play going both ways in the weeks and months ahead.(more…)
The emerging markets (represented by symbol EEM) has been in an ascending channel since last October. It broke the lower bound of this uptrend this morning for the first time.
The tweets giveth, and the tweets taketh away. Once again, we are in a situation where a single rumor (delays on car tariffs for EU for 6 months) rocketed the ES almost 50 points from its low.(more…)
The ETF for the consumer discretionary sector broke its trendline ages ago, but as of yesterday, it perfectly tagged the underside of the now-broken trendline and should treat it as resistance henceforth.